Some hubris from Yglesias

Talking about Chinese investors having access to hedge funds:

To give this an alternative interpretation, rapid economic growth in China is creating the largest pool of suckers the world has ever seen. Real world individuals exhibit bounded rationality, and lots of Chinese people who may have been extremely smart at getting rich in China’s industrial revolution may be quite foolish about their decision making regarding complicated western financial products.

So I call upon all Chinese hedge fund investors to short anything Yglesias says.