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[shiels]

Weird, I was thinking this morning of starting a thread on investing. Undoubtably this would be a far more productive route to willing into being our libidinal desires than reading what K-Punk had to say on the matter.

me and luka are partners were investing in the shroom boom and becoming psychedlic billionaires

its not hypocritical even marx played the market! lets go lads

 

[version]

@shiels this is the way out

Weird, I was thinking this morning of starting a thread on investing. Undoubtably this would be a far more productive route to willing into being our libidinal desires than reading what K-Punk had to say on the matter.

I was reading about wallstreetbets on reddit this week.

How WallStreetBets Pushed GameStop Shares to the Moon

Short sellers have been called a lot of things. Bloodsuckers. Parasites. Other words not fit to print. Now in the vortex engulfing GameStop Corp., they have a new name: the establishment.

www.bloomberg.com

Some people on there have (according to them) made millions.

This was where I was trying to push the 'Money' thread yesterday when I posted that same Bloomberg article. The bit about WSB turning the tables on "serious" investors and beating them at their own game.

 

[Corpsey]

ideal outcome of Dissensus is a techbro genius joins, absolutely loves the lad bantz and gives me the secret to making millions of pounds without lifting a finger

 

[version]

Give credit where it’s due. In their frenzy, WSB’s cocky hordes have managed to turn the tables in a game short sellers invented, spinning gold from the complacency of others. Before this year, GameStop was a cash register for bearish traders, who borrowed and sold more shares than the company issued. Hedge funds had been winning so long that they overlooked the tinderbox they were creating should sentiment turn.

Now it has, violently. GameStop, which isn’t expected to turn a profit before 2023, has seen its market value triple to $4.5 billion in three weeks, burning the skeptics whose any attempt to cover is likely to further propel its ascent

 

[version]

ideal outcome of Dissensus is a techbro genius joins, absolutely loves the lad bantz and gives me the secret to making millions of pounds without lifting a finger

Stan and Beiser have gone, but we still have Gus!

 

[version]

the reality that everyone should know is that in the short run, investing is exactly the same as gambling. basically nobody (except those in possession of inside information) knows whether a price will rise or fall.

investing in the long run is just sensible handling of money because eventually, on average, most prices will rise.

Apparently the best thing to do if you're a regular person is just stick money in an index fund and leave it alone.

 

[sus]

you can't be clever and figure out what stock rise because if that information is available then it's already reflected in the price of the stock

This is called "anti-inductive," like flirting. As soon as techniques become widely known, they become "priced in" and no longer work.

 

[IdleRich]

the reality that everyone should know is that in the short run, investing is exactly the same as gambling. basically nobody (except those in possession of inside information) knows whether a price will rise or fall.

Investing yes. But there are lots of trading strategies that are quite different from putting money in a stock and hoping it goes up and which, arguably, are not gambling at all.

 

[Corpsey]

We've not got our escape plan yet but we've noticed a vulnerability in the prison walls

 

[Corpsey]

 

[version]

is that Wayne Rooney?

 

[Corpsey]

 

[linebaugh]

This was where I was trying to push the 'Money' thread yesterday when I posted that same Bloomberg article. The bit about WSB turning the tables on "serious" investors and beating them at their own game.

I see alot of negative press on apps like robinhood and its hard to tell whether grievances are legitimate or said 'serious investors' are upset that democratizing the stock market reveals it to be as stupid as gambling.

 

[version]

 

[Corpsey]

This is @suspended giving us a speech in a few weeks time

 

[linebaugh]

As you all know I'm a successful bitcoin millionaire and its near impossible to find any reasonable writing on the subject. Its either a miracle that will end poverty and topple centralized government the world over or an enron level scam.

 

[luka]

Lol at Affleck! He's not even trying to be convincing!

 

[version]

As you all know I'm a successful bitcoin millionaire and its near impossible to find any reasonable writing on the subject. Its either a miracle that will end poverty and topple centralized government the world over or an enron level scam.

Yeah, my worry with this stuff is I have no idea what I'm doing, how it works etc and I don't trust anyone who does not to take advantage of that.

 

[luka]

Let's not forget Rich retired a millionaire at the age of 22. How do you think he puts duck on the table?

 

[IdleRich]

I see alot of negative press on apps like robinhood and its hard to tell whether grievances are legitimate or said 'serious investors' are upset that democratizing the stock market reveals it to be as stupid as gambling.

Same with bitcoin I find. Oh Goldman Sachs say it's a scam? Right then.