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Friday File: A New Arbitrage, More Gambling, Royalties for the Watchlist, and Bubble Thoughts

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If my limited interactions with the outside world are any indication, I’d say we’ve gotten to the “cab driver” period that institutional investors often talk about: When your cab driver starts giving you stock tips, the top is probably near. That’s not a reliable predictor, of course, and I guess it would be Uber drivers […]

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