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Chamath Palihapitiya on Wallstreetbets [audio]

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Re: Chamath Palihapitiya on Wallstreetbets [audio]

#121

Post by sizt »

HNfriend234 wrote: post #109
nceqs3 wrote: post #67

The Chamath Craze is ridiculous. The guy is a stock promoter through and through. It's really sad to see people fall into this guys trap. He has an incredibly story (coming from nothing) but lets look at his career: He "leaves" (aka fired) Facebook for being a D*ck head. Nobody is willing to work with him because he is rude and a jerk. His direct reports would cry regularly. Steven Levy talked about this in his book…

I agree. Just look at the guy's twitter lately. He was hyping up some "huge" potential SAAS company and stringing people along. You could tell because in the comments you could see people speculating about which SPAC that information was associated with. It caused about 5 SPACs he is associated with to rocket up and then when he finally releases the information it is a smart lock company (latch) and not associated wi…

Nonsense

Re: Chamath Palihapitiya on Wallstreetbets [audio]

#122

Post by shuckles »

zpwe wrote: post #108

I was one of the first if not the first people to post weekly options yolo on WSB that gained traction years ago, I get a bit more into it in other posts. Most of these top firms have a specific pipelines from top ivy schools, they are very very selective for a specific person usually from an upper class upbringing. I think Chamath has a point in that there's a lot more people capable of understanding the dynamics of…

Isn’t this just Zero Hedge at scale? ZH at least tries to formally ape analyst reports.

Re: Chamath Palihapitiya on Wallstreetbets [audio]

#123

Post by mindfulplay »

Haven't listened to the audio, but why is this dude chamath still 'popular'? He seems like a modern day hedge fund trader who successfully navigates twitter but hasn't produced much of any value?

Seems like he is riding the FB hate train like any good marketing/snakeoil sales professional would.

Really wish the new tech platforms provide a better soapbox and speakerphone than hacks such as this person. He is simply not worth listening to.

Re: Chamath Palihapitiya on Wallstreetbets [audio]

#124

Post by cwkoss »

taylorwc wrote: post #20
curiousgal wrote: post #15

I think the funniest part of this entire phenomenon is that Robinhood is now taking money from the rich and distributing it to the masses in a more literal sense. At least for now. On a more serious note, I don't get how a stock can be 140% shorted. Does that mean once you return a portion of the shares you borrowed you have to rebuy part of it and return it again? Also when would these short sellers get margin calle…

Here's a pretty good explanation of that how that can happen: https://nope-its-lily.medium.com/gamestop-power-to-the-marke...

Hmm, i wonder how accurate this article is, particularly around melvin capital's positions.

If they only had put options, why did they need a $2.5B bailout this week? I was under the impression they also had short positions or sold naked calls in order to get into as much trouble as they seem to be in based on the bailout announcement.

Or were their put options' value being used as basis other leveraged investments?

Don't understand how they could have lost $2.5B on just put options.

Re: Chamath Palihapitiya on Wallstreetbets [audio]

#125

Post by [deleted] »

nceqs3 wrote: post #67

The Chamath Craze is ridiculous. The guy is a stock promoter through and through. It's really sad to see people fall into this guys trap. He has an incredibly story (coming from nothing) but lets look at his career: He "leaves" (aka fired) Facebook for being a D*ck head. Nobody is willing to work with him because he is rude and a jerk. His direct reports would cry regularly. Steven Levy talked about this in his book…

[deleted]

Re: Chamath Palihapitiya on Wallstreetbets [audio]

#126

Post by tpmx »

nceqs3 wrote: post #67

The Chamath Craze is ridiculous. The guy is a stock promoter through and through. It's really sad to see people fall into this guys trap. He has an incredibly story (coming from nothing) but lets look at his career: He "leaves" (aka fired) Facebook for being a D*ck head. Nobody is willing to work with him because he is rude and a jerk. His direct reports would cry regularly. Steven Levy talked about this in his book…

It's just as ridiculous as the fact that r/wsb insiders are obviously abusing their positions to get rich at the cost of newcomers, basically constructing a public pyramid scheme, while everyone there keep repeating it's a way for the average person to avenge wall street, because that shit really works with the average young reddit person.

https://i.pinimg.com/originals/f3/f9/6c/f3f96c06ddc73aa35cfa...

Re: Chamath Palihapitiya on Wallstreetbets [audio]

#127

Post by viscanti »

nceqs3 wrote: post #67

The Chamath Craze is ridiculous. The guy is a stock promoter through and through. It's really sad to see people fall into this guys trap. He has an incredibly story (coming from nothing) but lets look at his career: He "leaves" (aka fired) Facebook for being a D*ck head. Nobody is willing to work with him because he is rude and a jerk. His direct reports would cry regularly. Steven Levy talked about this in his book…

> He starts a VC fund. The fund has no "major" wins.

Box, Slack, Yammer, Palantir. I guess I don't know what the definition of "major" is, but those seem decent. The VC fund did eventually "burn down", but not because of bad investments but because he had some personal issues.

I don't have a strong opinion about him as a person. I just don't understand why a criticism was that he was a bad VC. It seems like he probably came out OK there.

Re: Chamath Palihapitiya on Wallstreetbets [audio]

#128

Post by xadhominemx »

jnwatson wrote: post #92
xadhominemx wrote: post #33

Earlier quoted context omitted.

Equity holders of defunct financial institutions were not bailed out in 2009. They suffered massive losses.

Did you forget about AIG and Merrill Lynch? BoA was "strongly encouraged" to buy Merrill. And the Fed just loaned AIG a boatload of money. All the banks got loads of direct (via capital infusions) and indirect support (the "Fed put" on steroids). The owners of bank equity did fine while the working class got screwed. This is the environment the millenials started their investing opportunities in. That the game is rig…

Owners of bank equity did not do fine in the global financial crisis

Re: Chamath Palihapitiya on Wallstreetbets [audio]

#129

Post by dang »

panabee wrote: post #98
dang wrote: post #84

Earlier quoted context omitted.

I just used HN Search and wasn't particularly fast.

thanks for organizing these lists and keeping HN great. have you considered open-sourcing parts of HN so the community could create features to automate menial tasks like this? this could free up your valuable time for other things.

I'd like to do that one of these years, but not because it would save time. I'm almost certain it would take more time than it would free up.

Re: Chamath Palihapitiya on Wallstreetbets [audio]

#130

Post by dang »

ibraheemdev wrote: post #93
dang wrote: post #131

Earlier quoted context omitted.

(This is a stub reply so I can collapse the various comments responding to this, so as not to distract too much from the topic at hand.)

The youtube video has been blocked: > This video contains content from NBC Universal, who has blocked it on copyright grounds.

Ah thanks. I've replaced it with another link that's still working, which I don't remember how I found.
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