It does seem people struggle to learn from their mistakes. The last year has been marked by the institutionalisation of irrational exuberance.
Just look at that whole GME saga. A mob of people attempted to short squeeze a bunch of hedge funds, but got carried away and kept pumping up the price long after all the short sellers had closed out their positions.
GME is still riding at 24x the price prior to the short squeeze began (and about double its all-time-high prior to the Reddit intervention). Who are they squeezing now?
Just look at that whole GME saga. A mob of people attempted to short squeeze a bunch of hedge funds, but got carried away and kept pumping up the price long after all the short sellers had closed out their positions.
GME is still riding at 24x the price prior to the short squeeze began (and about double its all-time-high prior to the Reddit intervention). Who are they squeezing now?