451–460 of 493 posts
> For example, Pelosi in Dec 22 was against more stimulus. Her husband buys deep ITM TSLA and AAPL calls that day. December 23rd, she is suddenly for stimulus again, with those same companies ralling 5%, giving her an instant +30 return. > Congressman Gottheimer is absolutely an incredible options trader. He’s been selling calls at peaks on $MSFT all 2021, & seemingly buying back the contracts on dips. This in blocks…
> For example, Pelosi in Dec 22 was against more stimulus. Her husband buys deep ITM TSLA and AAPL calls that day. December 23rd, she is suddenly for stimulus again, with those same companies ralling 5%, giving her an instant +30 return. > Congressman Gottheimer is absolutely an incredible options trader. He’s been selling calls at peaks on $MSFT all 2021, & seemingly buying back the contracts on dips. This in blocks…
Whatever the behind-the-scenes truth, I think the appearance of conflicting interests is a problem regardless. For a lot of elected offices and high public service positions, I think their wealth should be put into a blind trust, one constrained by law to buy broad, boring things like index funds. That would surely be a problem for some individuals. But I don't think it's a systemic problem. We only need to find 0.00…
Unfortunately, our DOJ has been working on fugazy matters while antitrust laws are ignored and obvious market manipulation offenses by elected officials are of no interes seemingly.
Earlier quoted context omitted.
Sure, if you have better uses for the money, put it to work. Most people don't, so ingesting in the stock market is totally rational. At te very least with a good chunk of it. Again diversification is good.
> Most people don't This is the crux of the issue. If you have $100 million and you can't think of a single worthwhile use for any of it besides making more money, that's either a literally unbelievable lack of imagination, or incredibly cruel. It is so, so easy to do a huge amount of good with that much money. It's not easy to figure out how to do the most amount of good possible, that's probably an unsolvable probl…
After all, you wouldn't want me telling you how to spend your money.
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for that matter, day trading and technical analysis is literally just insider trading. This chart, based on some analysis of the way it's moved, with no interest in the metrics of the company itself, dictates buy or sell. Every 'Technical Trader' learns these 'indicators' and trades on them. It's just shadow insider trading under the guise of providing 'liquidity' but in reality just contributes to more volatility. B…
That's not what insider trading is. Insider trading is specifically using non-public information about a company to make investment decisions. Technical analysis generally uses only publicly available information; it's finding patterns in those publicly available data that can help you make investment decisions. I'm not saying it's socially useful; just that it is distinct from insider trading.
Additionally, with hft data speeds matter and exchanges only allow co-location of servers to 'premier firms'.
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> At this level of wealth, just making more money has no positive impact on anybody, even yourself. except that having capital makes it easier to gain more capital, so you could very well end up with more impact by aggressively investing for a few years before donating.
Ok, say you invest that $10 million and a year later it's grown to $12 million. That's a decent return, but what was the opportunity cost of investing in Microsoft instead of, I don't know, funding 100 people on GoFundMe who are going to die if they can't afford surgery? The US government uses ~$10 million as the value of a human life when they analyze the cost/benefit of various policies. And it's a compounding inve…
Earlier quoted context omitted.
Sure, if you have better uses for the money, put it to work. Most people don't, so ingesting in the stock market is totally rational. At te very least with a good chunk of it. Again diversification is good.
> Most people don't This is the crux of the issue. If you have $100 million and you can't think of a single worthwhile use for any of it besides making more money, that's either a literally unbelievable lack of imagination, or incredibly cruel. It is so, so easy to do a huge amount of good with that much money. It's not easy to figure out how to do the most amount of good possible, that's probably an unsolvable probl…