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Replies to post #22174 on SiNtx Technologies Inc (SINT)
boston745
02/07/19 1:39 PM
#22175 RE: SmokerX #22174
Lawrence Fields: “There was an underlying understanding that you wouldn’t act like a goddamn crazy man!” Michael Burry: “This isn’t crazy. It’s all very logical.” Lawrence Fields: “So now we pay out premiums on these swaps until the mortgages fail? In other words we lose millions until something that’s never happened before happens?” Michael Burry: “That’s correct.”
Fields is also acting under the influence of the Bandwagon Effect, and is simply echoing the thoughts of the market, that house prices only ever increase. Once again, for ever-rational Burry, group behaviours like this just don’t have any real impact on him, an autistic capability I explore further in the Group Biases entry.
02/07/19 6:34 PM
#22181 RE: SmokerX #22174
People with autism or related conditions are often poor at both deception and recognising deception in others. It’s not always the case, but it’s quite a common attribute.