kabab

First Solar's Future: Bright or Dim?

To those who think the author is young and therefore foolish:

We are seldom old enough to have experienced something that we would have otherwise learned from studying history. Traders who in their mid-life think they have seen all in the last 20 years of their career are particularly prone to this kind of age hubris. If he is young, the author is also articulate and intelligent. And I happen to agree with him long term: the chance of picking a winner in a rapidly changing technological landscape is next to nil--that is, if he can hold out for a few years, his short will pan out. But tomorrow, he'll get his teeth kicked in, I'm afraid.

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The market can stay irrational longer than you can remain solvent.