#US_Election | Logs for 2020-11-26

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[02:00:03] * Bytram is reminded of a story by Jack London. White Fang, I *think* it was. After a long string of apparent successes, the protagonist refused to let go of prior successes, betting against impossible odds, and losing.
[11:47:35] -!- Runaway1956 [Runaway1956!~some@67.223.okg.wi] has joined #US_Election
[11:48:03] <Runaway1956> https://youtu.be
[11:48:07] <systemd> ^ 03🔴 LIVE: Pennsylvania State Legislature Holds Public Hearing on 2020 Election ( https://www.youtube.com )
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[14:38:23] -!- Runaway1956 [Runaway1956!~some@67.223.okg.wi] has joined #US_Election
[14:47:10] <FatPhil> Bytram: that's the story of Sir Isaac Newton and the South Sea bubble!
[15:07:34] <Bytram> FatPhil: you done gone and got me confused again... *what* is "the story of Sir Isaac Newton and the South Sea bubble!" ??
[15:09:20] <FatPhil> Just another method of turning massive wins into massive losses.
[15:11:20] <Bytram> okaaay. I am not familiar with the referenced story. Do you have a tl;dr?
[15:11:40] <Bytram> =g Sir Isaac Newton and the South Sea bubble
[15:11:41] <systemd> https://www.openculture.com - How Isaac Newton Lost $3 Million Dollars in the "South Sea Bubble ...
[15:11:49] <Bytram> hmmm
[15:14:15] <FatPhil> tl;dr is market goes up, newton goes in, market goes up, newton exits - win!, market goes up, huh? newton goes back in (leveraged, IIRC), market goes down-down-down, newton exits.
[15:17:09] <Bytram> buy low. wait. sell high. profit! wait. buy high. wait. sell low. Ooops!
[15:22:21] <Bytram> got it; tyvm!