PS:^^ Corollary: If you are too big to fail, then you are too big to be that big. There should be some course correction coming down the pike. |
Wastefulness? Redditors have destroyed $70b. That's a lot of waste. |
What in the world are you blabbling about? How much of your own money do you give to the truly downtrodden? They are not painting themselves as anything. What nonsense. They are trying to make money just like hedge funds do. |
The money that gets into redditor accounts will, by and large, be spent in the current economy here, not just offloaded to an offshore account. |
There are no guarantees in the market. The hedge fund Bros know this. You win some you lose some. |
Yes. We need to stop such waste by making shorting stocks illegal. Shorting creates nothing of value, and it gives these hedge funds incentive to push investors to sell their ownership in companies that need that need them to have a fighting chance. Shorting destroys value. |
Just imagine what this money could have done if hedge funds had actually invested it into companies instead of betting that companies would fail. You bet big, you lose big. |
And losing the possibility of losing some is why it's justified when you win some. If hedge bois are triggered, maybe they need to take some course in how the stock market works. |
^^And losing t(or, he possibility of losing some) is why it's justified when you win some. |
They didnt destroy any capital. They transferred it from billionaire hedge funds to themselves through capitalism. |
They destroyed it. That money is gone. Poof. I'm not sure if $70b is big enough to destroy hedge funds, but it might be. Now that everyone is looking at what they've done. |
No. The gains are as real as the losses. Every trade has a winner and a loser. |
Aww poor hedgefunds. ![]() This is capitalism. We like it. When a company's business model does not work, it goes under. Hedge funds need to try again; build something better. |
Build something more useful. They bet against millions of companies over the years. Redditors bet against them this week. |
The redditors have made a few billion (if they all sell now). But they aren't leveraged the way the hedge funds are. A lot of money will be destroyed when the HFs realize their losses. But it wasn't doing good where it was. |