Part 3/10:
Piosis presents a controversial stance: if you have a low IQ, it is reasonable to short Tesla stock. While provocative, he clarifies that trying to outsmart Elon Musk or the market without understanding fundamentals or possessing the necessary intelligence might justify such an action—though he emphasizes no personal judgment here, just an acknowledgment of behavioral patterns.
He points out that the market’s decisions are often driven more by psychological factors and emotional reactions than by rational analysis, illustrating this with historical examples like Lehman Brothers. Two days before Lehman filed for bankruptcy in 2008, the CFO declared the firm to be in a strong capital position—highlighting how market sentiment can be misleading and unstable.