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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

#321

Post by autobodie »

Draiken wrote: post #259
autobodie wrote: post #149

Earlier quoted context omitted.

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…

> It's a capitalist society so capital is power.

Precisely.

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

#322

Post by yardie »

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.

I look at apartheid and how long it managed to hang on. And I can only determine it was surprisingly lucrative and competitive as well. It took a long, series of activists and a long time to finally delegitimize and finally break it.

And now, apparently, everyone involved with it had always been against it.

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

#323

Post by notdarkyet »

latexr wrote: post #317
notdarkyet wrote: post #289

Earlier quoted context omitted.

This is the most reasonable comment here on the topic. Everything else so far is either blatantly political and/or misunderstands market dynamics. Unfortunately half the comments I read on here are becoming increasingly more reddit-esque. Users posting emotionally charged comments and speaking with an authoritative voice on topics they have little experience or knowledge in an accordingly Hacker News has become more…

> Unfortunately half the comments I read on here are becoming increasingly more reddit-esque. From the guidelines¹: > Please don't post comments saying that HN is turning into Reddit. It's a² semi³-noob⁴ illusion⁵, as⁶ old⁷ as⁸ the⁹ hills¹⁰. ¹ https://news.ycombinator.com/newsguidelines.html ² https://news.ycombinator.com/item?id=1524184 ³ https://news.ycombinator.com/item?id=926703 ⁴ https://news.ycombinator.com/ite…

Sure great hit me with these but take a look at one of the top comments:

"Remember, kids, Clinton got a blowjob and Obama wore a beige jacket."

https://news.ycombinator.com/item?id=43661781

So you are going to post this in retaliation and not take a look at how useless this comment is?

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

#324

Post by dboreham »

globular-toast wrote: post #175

What actually is the point of selling someone an option? Do enough people buy them and lose to make it worthwhile for the seller? Isn't this literally just legalised gambling? Are there enough addicts to make it lucrative like other gambling? Or are these resold packaged up into something that nobody reads à la synthetic CDOs?

It's basically gambling+, but the party on the other side of the trade is like a casino. On average they make money (usually).

+There are some non-gambling reasons for stock options trading, akin to commodities options being used to reduce risks in farming.

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

#327

Post by afpx »

netsharc wrote: post #237
eastbound wrote: post #213

Earlier quoted context omitted.

I’ll candidly assume that this is not a rhetorical question aimed at making me pass as a spoiled child, as is frequent with leftism: - AOC, known as “the squad” (!), has claimed the Congress has too many white males. President Macron said the same about the US tech sector, and he’s not even part of the extremists, so this issue permeates society. Basically everyone says white men should be fewer of them. This is a di…

Trump and meritocracy? You are insane. Oh, Hegseth the wife-(and alcohol-)abusing TV-presenter should be in charge the world's most powerful military? Brett Kavanaugh, who in the balance of probability did assault that woman, should be forced into the supreme court (even blocking the FBI investigation)? You're just going to excuse these flaws away, aren't you? To be honest, this thread has shown what weak fragile ego…

My wife likes to tell me that she'll know when feminism has succeeded when the US Supreme Court is all women. I tell her that I'll know when feminism has succeeded when the military is all women.

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

#328

Post by latexr »

notdarkyet wrote: post #323
latexr wrote: post #317

Earlier quoted context omitted.

> Unfortunately half the comments I read on here are becoming increasingly more reddit-esque. From the guidelines¹: > Please don't post comments saying that HN is turning into Reddit. It's a² semi³-noob⁴ illusion⁵, as⁶ old⁷ as⁸ the⁹ hills¹⁰. ¹ https://news.ycombinator.com/newsguidelines.html ² https://news.ycombinator.com/item?id=1524184 ³ https://news.ycombinator.com/item?id=926703 ⁴ https://news.ycombinator.com/ite…

Sure great hit me with these but take a look at one of the top comments: "Remember, kids, Clinton got a blowjob and Obama wore a beige jacket." https://news.ycombinator.com/item?id=43661781 So you are going to post this in retaliation and not take a look at how useless this comment is?

If you think the comment is useless and doesn’t contribute to the conversation, downvote it (and flag it if it is particularly egregious). That’s why those features exist.

But complaining that HN is becoming Reddit is (as demonstrated by the links) a tired, repetitive, and incorrect complaint that creates noise and does not advance the discussion. Which is why the guidelines ask you to not do it.

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

#329

Post by netsharc »

afpx wrote: post #327
netsharc wrote: post #237

Earlier quoted context omitted.

Trump and meritocracy? You are insane. Oh, Hegseth the wife-(and alcohol-)abusing TV-presenter should be in charge the world's most powerful military? Brett Kavanaugh, who in the balance of probability did assault that woman, should be forced into the supreme court (even blocking the FBI investigation)? You're just going to excuse these flaws away, aren't you? To be honest, this thread has shown what weak fragile ego…

My wife likes to tell me that she'll know when feminism has succeeded when the US Supreme Court is all women. I tell her that I'll know when feminism has succeeded when the military is all women.

I do admit the existence of insanely moronic arguments that are sometimes made. "As a woman you have to vote for Hillary because she's a woman.". What a dumb argument, that's still identity politics. If the choice was between someone like female Sarah Palin that wants government control of women's bodies, because she thinks the Bible should trump the constitution vs. a man who would respect the separation of church and state (e.g. the catholic Biden who nevertheless supported Roe v. Wade), would a woman have to still be obliged to vote for Palin?
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