The nihilism of r/wallstreetbets
jeromysonne.com
The nihilism of r/wallstreetbets
1–10 of 277 posts
Re: The nihilism of r/wallstreetbets
#2Wall street bets is just exposing the facade of wallstreet. As more information about investing becomes available, hedge funds and investors will look increasingly less sophisticated. Platforms like Robinhood will erode their edge by increasing liquidity, lowering transaction costs, and providing access to more exotic investments and financial derivatives.
Re: The nihilism of r/wallstreetbets
#3I don't understand why people think /r/wallstreetbets is really that interesting or provides insight into actual wall street? Anyone who knows anything about actual options trading / building strategies knows these people are idiots. Sure, there's a lot of money flowing around - but most people don't realize that to many $60k is pocket change.
Re: The nihilism of r/wallstreetbets
#4Here is some useful context for this article about recent behavior from members of wallstreetbets:
https://www.wired.com/story/gamestop-stock-wall-street-bets-...
https://www.bloomberg.com/news/articles/2021-01-22/gamestop-...
Re: The nihilism of r/wallstreetbets
#5This is a poorly written article trying to time a large economic exploitative event. WSB is, genuinely, pretty dumb but they actually advocate normal positions like index holdings, and only trading on "moonshots" with a very small % of portfolio. Their offensive language and such is a product of being on Reddit though.
Re: The nihilism of r/wallstreetbets
#6Wall street bets is just exposing the facade of wallstreet. As more information about investing becomes available, hedge funds and investors will look increasingly less sophisticated. Platforms like Robinhood will erode their edge by increasing liquidity, lowering transaction costs, and providing access to more exotic investments and financial derivatives.
Non sense.
Re: The nihilism of r/wallstreetbets
#7Here is some useful context for this article about recent behavior from members of wallstreetbets: https://www.wired.com/story/gamestop-stock-wall-street-bets-... https://www.bloomberg.com/news/articles/2021-01-22/gamestop-...
This Bloomberg article actually inspired me to write this and provide additional context on the "why" this place even exists in the first place.
Re: The nihilism of r/wallstreetbets
#8I don't know anything about WSB, but how does:
> It’s a bunch of autistic losers that live in their mom’s basement who are gambling what little money they have to try and become rich to live lifestyles of hedonism
square with
"These people were involved in very meaningfully moving a stock price around" ?
Re: The nihilism of r/wallstreetbets
#9Imagine a subreddit called "roulettebets".
Someone posts: 36x gain!!!1
And then someone posts: I lost everything.
Should that be a motivation to spend all your money playing roulette?
Re: The nihilism of r/wallstreetbets
#10I don't understand why people think /r/wallstreetbets is really that interesting or provides insight into actual wall street? Anyone who knows anything about actual options trading / building strategies knows these people are idiots. Sure, there's a lot of money flowing around - but most people don't realize that to many $60k is pocket change.
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