What risk management lessons can we learn from Melvin Capital 50% loss in Jan 2021?

[murray t turtle]

Fat, greedy, cocky, complacent, lost the hunger, lost the edge would be my guess.

LOL Tell us what you think/LOL.
I dont short single stocks anymore. But really, there was a/Very good probaibility it would turn @ 50% loss. Thats why you see so many ads\ ''50% off sale''
BUT Mr Melvins 53 % loss could have easy gone more.
Aussie trader D Guppy has a real good risk management commandment;
''NEVER confuse a high probability with infallibility''