This story is running almost entirely on emotion. There are elements on the right and left who frame every single story through the lens of being screwed or fighting back against "the elites&quo… (View Post)

The stock is already down almost 50% from yesterday, so anyone who got in 24 hours ago (from my limited understanding) would walk away with half of what they put in if they bail immediately. I guess … (View Post)

Key point he makes is that Wall Street isn't playing at the casino, they ARE the casino. And the house always wins. Absorbing short-term losses for long-term gain is how gambling operates. For instan… (View Post)

I don't think anyone here is defending hedge funds, merely pointing out this is a quixotic quest that is gonna have unintended collateral damage. (View Post)

On the flip side, this guy has enough money to be paying people to tell him not to go on TV and say shit like this. Yikes: https://twitter.com/jangelooff/status/1354846320494784515?s=20 (View Post)