FANG Fans Beware, Even Zuckerberg Is Selling

One of the great parts of writing this letter is the people I get to meet. Among those I enjoy hearing from is former NYSE floor trader, Clay Tompkins. His years spent on a trading floor gives Clay a certain insight about markets that is tough to describe. It involves a willingness to fade consensus accompanied with a healthy respect for the power (madness?) of the crowd.Clay sends me tidbits from time to time, with a few wise words that always seem to resonate with me.