461–470 of 583 posts
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They will get margin called, their assets will be liquidated and the stocks covered.
yeah, but how will the stock be covered, and by whom? If there is no enough stock to buy to cover the outstanding contracts?
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It's lightly better than gambling, since you still end up with ownership of something
These people are most likely buying options. Saying that they end up with ownership of something is a stretch.
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Then you are not paying attention. The floating shares are fewer than the shorted shares. Even if all the floating shares were bought, there are not enough shares to cover the short's position.
> The floating shares are fewer than the shorted shares. Even if all the floating shares were bought, there are not enough shares to cover the short's position. that's not necessarily true. Quoting Matt Levine[0] > There are 100 shares. A owns 90 of them, B owns 10. A lends her 90 shares to C, who shorts them all to D. Now A owns 90 shares, B owns 10 and D owns 90—there are 100 shares outstanding, but 190 shares show…
Same thing happened to Volkswagen, only 1% of the shares was available for purchase and they had to close their positions.
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I am already broke. The money I invested isn't enough to change my life, but the returns are. I can fast for a week or two, I can walk to school instead of taking the metro. I am poor af and they can't take that away from me. But you know, melvin capital is already 30% of their equity down in January. They have everything to lose. I have nothing.
>melvin capital is already 30% of their equity down in January The thing is, they won (bigly) almost every year since their inception, it's a relatively minor mishap for them even if they gain nothing for the rest 11 months. Guess what, they and their clients will be laughing their asses off and move on along with their high life.
This isn't how somebody in control acts. They even doubled down on their position and increased the number of shorted stocks in the previous week.
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When Icahn does it he's a genius. When the street is challenged by a new distributed and crowd sourced hedge fund coordinated on an online forum they're fools. I personally don't care if more people maintain this belief - but more and more funds are definitely starting to pay attention. You could do this once a month - pick a heavily shorted low/mid-cap company and squeeze the crap out of it and reap what PE firms an…
Hedge funds earned their name by their ability to hedge. Professional risk takers can balance their portfolio by placing multiple bets where they can afford a few of them coming up empty because they only need one to hit big. A keyboard commando betting their 401k on one stock is running a much bigger risk.
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Lots of these points hit home - but why blame older people for your generation having less sex? Baby boomers didn't make casual sex illegal, nor have they bought up all the sex. Until covid, if young people wanted to have sex with each other they were perfectly free to. Isn't it simply that masturbation and pornography have become relatively more attractive propositions than they were in the past?
Baby boomers didn't have to spend hours in extra curricular activities in HS plus getting 5.0 QPAs to maybe get accepted into a good college so they can have a semi decent chance at a good living. My dad was able to go to a steel mill and make huge amounts of money plus overtime and insanely good benefits. Housing was extremely affordable. Very low debt from trade school. Women wanted to have kids and settle earlier.…
Women getting married and having children later should mean more opportunities for casual sex, not fewer.
Boomers have not forced younger people to find hookups on tinder. The argument about competition makes no sense. Everyone can't be outcompeted.
If a generation has chosen only to have sex with its most attractive members, how did that happen? Why does it leads to less total sex? Why is this the fault of older people?
> The same emotion that caused us to root for the thieves in Ocean’s 11 is what makes Wall Street Bets so enticing. Put frankly, Millennials are tired of getting fucked by the man. When you’re underemployed with $100,000 in student loan debt, your financial situation feels overwhelming. You really don’t want to take the advice of your parents or CNBC talking heads [5] to invest 10% of your salary for a 4% annual retu…
I think that is the problem... As the US economy shrinks as a percentage of the world economy, you would expect an average life experience in the USA to slowwwly move closer to an average life experience around the world. The latter is moving "up", sure, but there's still a huge gap to move down into.
But, they still teach kids in the USA to expect great life for average effort (or frankly as far as I can tell lately, regardless of effort). I don't think any other country in the world has this mindset; I like what appears to me to be the mindset in some Asian countries (I could be wrong but it seems to me like you are expected to try hard to do better but not in any way led to expect you will) is much healthier.
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“The children now love luxury; they have bad manners, contempt for authority; they show disrespect for elders and love chatter in place of exercise. Children are now tyrants, not the servants of their households. They no longer rise when elders enter the room." -Socrates
Things change and different generations behave differently. Nevertheless, the parent complains about leadership behavior, not about children behavior.
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the stock market is doing something useful in the real world. the aggregate success thrown off by the stock market is a measure of the usefulness of the stock market. participating in that is what enables to stock market to provide its usefulness. so, yes, success on the stock market is a function of usefulness in the real world.
This is sort of circular, the stock market can also devolve is pure speculation and go full casino, which are generally considered an example of a not-necessarily-net-positive addition to society.
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The argument is that we’re working to keep a roof over our heads now because we YOLOed through college. And while that doesn’t describe me, I had a lot of peers who partied through college, skipped classes, hardly worked, majored in women’s studies / art history / literature / etc and still managed to live in the dorms, buy daily lattes, have the latest iPhones, etc.
> I had a lot of peers who partied through college, skipped classes, hardly worked, majored in women’s studies / art history / literature / etc and still managed to live in the dorms, buy daily lattes, have the latest iPhones, etc. That's what you get when your system is designed to give money easily to young people who don't understand the consequences of major financial debt. Blaming this on the individuals is leav…
Who exactly designed the system that way? Banks (aka capitalists) were not very keen on doing this exact thing for the risk reasons, and now the government ended up backing most of the educational debt for some reason (aka socialism).