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Message: LWLG - PDF by Kerrisdale Capital June 2022

The market is rigged against retail. 

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After observing how markets work over the past 10+ years, I'd say if retail doesn't take measures against what they can expect from institutional traders, then retail is essentially rigged against itself. I hope I have learned something about such measures by now. The markets want us NOT to be as cynical as they are; they want us to carry within us an essentially positive outlook about human nature - so they can fleece us more easily. 

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