Conspiracy or kludge?

“Right now, large investors are scared of what small investors can do, and conversely.

Arnold Kling

It’s been clear to anybody watching that if small investors weren’t scared of what the large investors could do, they clearly didn’t understand the rules.

The difference is that for the first time large investors are ‘taking it’.

Ch ch ch changes ..

John Philpin : Lifestream @JohnPhilpin
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