Random Discussions

[shel311]

Supposedly, Jack Ma has been missing for weeks, shortly after criticizing the Chinese government. That's wild.


For those who never heard of him, he's the 2nd richest dude in China and owns Alibaba, which I think is basically China's version of Amazon for the most part.

[Weasel]

I read about that too, and there isnt much to find on it in terms of media coverage, which is quite odd.

[shel311]

I read about that too, and there isnt much to find on it in terms of media coverage, which is quite odd.

Yea, seems like it's hitting the news today, but he hasn't been seen publicly since October.

[nick]

he looks like an alien so maybe he went home.

[ReignOnU]

I read about that too, and there isnt much to find on it in terms of media coverage, which is quite odd.

Imagine if Bezos just disappeared. Pretty wild.

[shel311]

Pretty amazing, there was someone alive in 2021 that was married to a dude who fought in the Civil War...WTF!


93 year old dude marrying a 17 year old, that'll do it.

Spoiler!

[Weasel]

Thats interesting AF

[GeorgesGoons]

Things I'd rather do than paint the house:

Kicked in the balls by Pele
Be raped by Rosanne Barr
Suck start a shotgun

I FUCKING HATE PAINTING!

[The_Niddler]

Things I'd rather do than paint the house:

Be raped by Rosanne Barr

Liar! You can't rape the willing!

[GeorgesGoons]

Things I'd rather do than paint the house:

Be raped by Rosanne Barr

Liar! You can't rape the willing!

Meant to add: While she sings the National Anthem

[nick]

woulda been nice to know that Gamestop was gonna go from 18/stock to 150 in liek 2 weeks?

[nick]

some hedge fund is getting fucked right in the asshole by this stuff.

[jsence2]

some hedge fund is getting fucked right in the asshole by this stuff.

Good. Fuck em.

Hedge funds nearly drove Gamestop to bankruptcy by continually shorting their stock (stock price is used as loan collateral and they needed loans), and people caught on and began to give the hedge funds a taste of their own medicine and bankrupted at least one of them.

I am loving it. The guys who used hedge funds to turn companies into their own lotto systems are now upset that people figured out how to turn them into a lotto system.

[nick]

everything about the Meme stock is amazing. exposing all these fucking frauds. Ill be jumping into the next hedge fund they decide to destroy.

[DRiccio21]

Good. Fuck em.

Hedge funds nearly drove Gamestop to bankruptcy by continually shorting their stock (stock price is used as loan collateral and they needed loans), and people caught on and began to give the hedge funds a taste of their own medicine and bankrupted at least one of them.

I am loving it. The guys who used hedge funds to turn companies into their own lotto systems are now upset that people figured out how to turn them into a lotto system.

not much in the universe gets me 'angry'. i don't really have many emotions other than for my family so i'll just chalk this up to Jsence getting a win on me here.

but the self righteous nonsense like this drives up a fucking wall.

a) how many people do you know that actually managed a hedge fund personally? my guess is 1. is that dude a really horrible person? would he steal your mom's purse in a dark alley for a buck?

b) how much do you truly understand about what is happening? how much do you understand the dynamics of how markets work?

c) more hedge funds are profiting from this than going bankrupt. sure, a few have absolutely been destroyed but exponentially more are profiting and taking advantage of this opportunity to make people believe they are actually creating this on their own and using the media to continue the clickbait story. yes, there is a big aspect to this that starts from the ground swell, but guys who manage real money are what drive this as they just piggy back the trades w size.

d) most people who manage money for a living believe in free markets. if a bunch of dudes on reddit can drive a stock up then that's freaking great. the more amateurs involved, the better for guys who do this professionally. the mkt transfers wealth from people without a clue to people who manage risk. nobody who has a clue and makes money consistently gives a fuck 'how' or 'why' something is happening (that's a question mostly amateurs or shitty PM's ask) they simply have a process to manage risk and in this case a lot of these dudes didn't and that's on them.
they may not take accountability in this present moment but if they ever were actually good they'll eventually realize their position size is what crippled them and that was their decisions. there are no 'safe' trades, you always need to have an exit on everything. a lot of PM's for funds suck enormous donkey cock, actually the majority of them do. hedge funds, on a whole, have underperformed and been losing their appeal for like a decade now as they've been watered down.

e) hedge funds didn't lead gamestop into bankruptcy. probably the dumbest thing written here. guess what, gamestop is a dinosaur. times change. people and businesses come and go. if gamestop was going bankrupt a year ago, nothing has changed during this craze that is going to change from this, its still going bankrupt. maybe they somehow can turn this into a lifeline to save things but chances are when all this cools off this goes right back to where it was and more 'reddit' users lose their asses while the big bad hedge funds will profit on the way up and then profit again on the way down. yes a few select ones will not survive and have already closed up shop. such is the life of a speculator. i have absolutely no idea what will end up happening with GME, its not a name i'd ever trade and i put zero thought into these types of names.

f) why does your moral compass seem to only work when people's net worth is six figures of less? 'fuck em?' 'i'm loving it' i can't imagine being so angry to wish pain on anyone, especially someone i don't know at all and have absolutely no idea the circumstances for wish i'm fucking them.

g) stop watching tv and reading shit about stocks. the overwhelming response between me and all the PM's i speak to is 'do people not realize this shit happens all the time' 'who cares' 'i need to change my phone number so these people stop texting me about this'.

h) fuck you

[ReignOnU]

I see you've encountered righteous Nick.

[GeorgesGoons]

So out of the norm for Dave. Where is the kumbaya spirit?

I will say I loved reading that response though

[DRiccio21]

The underlying I’m good and these people are bad stuff drives me nuts.

Especially when it’s from a place of ignorance

I probably could have left out h but I felt like it worked for dramatic effect

[The_Niddler]

The underlying I’m good and these people are bad stuff drives me nuts.

Especially when it’s from a place of ignorance

I probably could have left out h but I felt like it worked for dramatic effect

It was a very good response!

And most people hate people that are richer than them. They know absolutely nothing about them, just that they are richer than them, so they hate them. They assume that the person is scum and takes advantage of people, etc. to get to where they are.

I don't hate guys that work for their money.
Most got to where they are by hard work and a LOT of time invested.

When I moved home, I could have taken a job in downtown Pittsburgh, where I made probably $20k more per year than I make today, but I would NEVER see my kids. I would have been the head of an IT department, but with that, comes on-call responsibilities 24/7 - I declined the offer because I moved to my hometown to live a more simple life and see my kids more. That is what is important to me. I made that choice.

I make enough that together, my wife and I have a good life, our kids don't want for anything, they get just about anything they desire.
How can I hate people that make their choices to be where they are? If they are married to their jobs and make a shit ton of money, good for them if that is what they choose. I chose the simple life. 40 hours per week, tons of time off as we follow school districts schedules, good benefits and I get to coach my son's basketball and baseball teams, etc.
To each their own, but by all means, don't hate just because they have something that you want or don't have.

[ajalves]

man, David posts all the way down to letter "h".....impressive