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Daniel_Burfoot comments on Contrarian LW views and their economic implications - Less Wrong Discussion
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Comments (126)
Personally, I expect this "market" to remain irrational for longer than I expect anyone who bets against it to remain solvent.
It's hard to short universities :-)
I expect the market to bifurcate with the top tier maintaining its ability to commandeer outrageous prices, but the bottom tier either reinventing itself or going bust. Harvard is fine, a fifth-tier law school in South Dakota is in deep trouble.
You can short this one.
My first reaction on looking at the plot on the right, before reading the labels on the x axis, was ‘it looks like the impending doom is probably already priced in’.