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$70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

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Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#251

Post by tmcb »

slopslop wrote: post #223
eastbound wrote: post #164

Earlier quoted context omitted.

I know I’ll be downvoted but, since we’re going straight for scorched land, I prefer to voice it. I think most voters think like me “I still prefer Trump to a leftist government”: - Was there any need to be so extreme in terms of wokeness on the left? I am directly threatened by their program. Was there really any need to go for such a degree of revolution, ensuring everyone sensical would vote Trump? Could the left…

As a white male from northern europe, I learned during the most left recent years that I’m responsible for all the world’s injustices and ethnic/gender/sexual preference defines a human. I can see why so many gave a protest vote when the current system was trying to paint their existence as non-desirable. We went decades backward and this all just brought the focus back to our insignificant external factors like skin…

> I’m responsible for all the world’s injustices and ethnic/gender/sexual preference defines a human.

Rest assured you are not. But this could turn out to be true, maybe in a very minor way, the moment your resentment towards this straw man becomes the main driver of your political views.

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#252

Post by Epa095 »

eru wrote: post #32
mullingitover wrote: post #26

Earlier quoted context omitted.

No economic system is functional without a bunch of compromises, and capitalism needs strong regulations as a check to keep it from turning absolutely rotten. We're witnessing the removal of all of the guardrails, traffic signals, road maintenance crews. The highway patrols have been replaced by organized teams of highwaymen. It'll get a lot worse before it gets better.

It depends on what you mean by 'strong regulations'. Regulations that are on the books should be enforced as written. In that sense I agree. But it doesn't mean that we actually necessarily need all the regulations that are on the books to stay on the books. Eg, it would be perfectly fine to make insider trading legal by law. (And in fact, the definition of insider trading in the US differs a lot from the one used in…

> So there are lots of things that have long been legal in the US that would have been illegal in France, without the economy collapsing.

Who knows, maybe we are in the middle of the resulting collapse now ;-)

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#253

Post by radicalbyte »

lazide wrote: post #238
radicalbyte wrote: post #98

Earlier quoted context omitted.

I'm pretty sure that the damage is done. It will take a few years, maybe even a decade, but the USD will no longer be the defacto reserve currency.

I remember when everyone said the Euro was the new reserve currency - even a Bond film used it as a plot point. Came to nothing.

It was US policy to actively work against that and it was an acceptable deal for us given that we've been friends and allies forever. Now Trump has turned the US into our heroin-addict sibling we can no longer rely on them.

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#254

Post by simgt »

miohtama wrote: post #34
random3 wrote: post #29

Earlier quoted context omitted.

Delete along with publicly traded companies, or what’s the plan?

Socialism. Worked well in the past (:

Most companies are not publicly traded. Getting rid of the stock market doesn't mean that your local coffee shop is now state-owned. And if they sell specialty coffee, it may not even impact the price of the beans.

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#255

Post by Epa095 »

johanvts wrote: post #111
delusional wrote: post #99

Earlier quoted context omitted.

> It'll get a lot worse before it gets better. Importantly, there's no guarantee it's actually going to get better. We like to pretend that human existence has some trajectory towards "justice" or "prosperity". I don't think that impulse does us justice. Stalin/Lenin could have won. Hitler could have won, Napoleon could have conquered and held. It could just get worse.

Oppression and corruption is expensive. Systems based on them are not going to be competitive in the long run.

Maybe oppression is where AI finally shines, making oppressive systems competitive. Technology is certainly helping China, and I can only imagine how much Stasi would love to automatically transcribe and store everything all their microphones caught.

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#257

Post by Epa095 »

DavidPiper wrote: post #203
nabla9 wrote: post #192

Earlier quoted context omitted.

The reality is more nuanced. Take China for example. People do criticize the government online all the time. It's just that criticism magically disappears before it reaches critical mass. Generally China does not throw people (Han Chinese, minorities are different) into gulag for posting against the government. They are just constantly censoring and shaping the discussion. Only after they can't contain something they…

Genuinely curious: what do you see as the distinction between an illiberal democracy and a fascist dictatorship? And if there is a significant difference, what stops one becoming the other?

People "falling" out of helicopters.

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#258

Post by dwedge »

MichaelRo wrote: post #60
dwedge wrote: post #41

Earlier quoted context omitted.

Unless I'm totally misreading this, it wasn't a 2.5m trade, it was 80c per option at 30,000 of them, less than $30k The option to buy at 2.5m was not an obligation to do so

Yes you are misreading because options have a contract size of 100. So you can't buy "one option", only a contract of 100 options at minimum. Which means 80 cents x 100 = 80 bucks per contract. Multiply by 30,000 and you get =~ $2.5 million. And it's bullshit that you can reliably make money of such low probability options. Even if you do, you never put $2.5 million on something with a huge probability of ending in a…

Thanks for explaining

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#259

Post by Draiken »

autobodie wrote: post #149
dachris wrote: post #132

Earlier quoted context omitted.

That may be the very long run. Taking it strictly, Russia never had real democracy. And they are trying hard to export that model.

Define "real democracy"

Like the American one where unelected billionaires control the government and the populace.

I always find it so surprising how people really do believe individuals have any real power despite overwhelming evidence to the contrary.

It's a capitalist society so capital is power. Doesn't get simpler than that. Voting is the circus to distract us so we don't realize how much we're being exploited, while giving a sense of agency that simply does not exist.

We can choose but they pick the choices we have.

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#260

Post by hansvm »

eastbound wrote: post #218
fabian2k wrote: post #198

Earlier quoted context omitted.

They're not saving money so far, they have been spending more money than the government spent in 2024. And in those cases where they will spend less they also did enormous damage, e.g. cancelling clinical trials midway through. This is pure destruction, not efficiency. And your woke argument is a pure strawman. What were those extreme positions by Kamala Harris?

The “Trump is doing the opposite of his program” yields no constructive argument. Because voting for the opposite movement wouldn’t have made the left suddenly implement meritocratic capitalism.

Why, exactly, isn't that a constructive argument?

eastbound> We need Trump because the economy is in the shitter

fabian2k> He's actually making it worse

eastbound> Well, the other side wouldn't have made it better

How do you get to have it both ways -- the economy is important enough that we need Trump, but Trump is more important despite ruining it?

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