PLAT - Crowding The Market In Large Cap Tech

I've written about this topic a few times before:

• Don't Become the Market
• On a Concentrated Bond Market
• and, Two Questions on Fixed Income from the Mailbag (the first question only)

What happens when a party or parties take on an investment position that is large relative to the amount they can afford to lose? The above articles handled questions on that for the following crises and mini-crises:

• The London Whale
• Was PIMCO getting too large for the derivatives market?
• The 1993 blowup of the floating rate guaranteed investment contract market
• The demise of The

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