These hacks have been whining all year about retail investors. I think their position is basically "poor people shouldn't be allowed to invest unless we say it's okay."

They tend to have all these regulations in the name of "protection" of the consumer. They are ridiculous.

If it's gonna go high, it can keep on going as far as I'm concerned.

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Reports are it is now multiple funds are in trouble over this. Also,will not go full nuke until Friday when contracts come due and they are saying there is no way they can all be bailed out

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When I am stuck and need to figure something out I always remember the Immortal words of Socrates when he said:"I just drank what?"

Let them fail.

Should have made it the end of next week.

Strange timing that Gamestop made everyone on Robinhood rich after Biden was inaugurated!

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

This is an event for sure

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Its a little bit more than that Brick.

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When I am stuck and need to figure something out I always remember the Immortal words of Socrates when he said:"I just drank what?"

and the media is already blaming Trump for this shit

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When I am stuck and need to figure something out I always remember the Immortal words of Socrates when he said:"I just drank what?"

Hedge funds in shambles.

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People whine about everything. The protections in our markets aremostly related to disclosure. Give everyone fair access to information and let them decide. No one is stopping poor people from investing. In fact 401(k)’s are specifically designed to be for everyone. So are IRA’s. 529’s. Low cost passive index funds. And discount brokers have been around forever.

What people like me are worried about is unsophisticated investors putting all their eggs in one basket without understanding the risks. Then when they get burned, everyone will complain that the markets are rigged.

GME is worth very little, maybe $10/share. Anyone buying at these levels is just joining a ponzi scheme.

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Hawaii (fuck) You

Exactly...they can’t shut it down yet because they need the other shoe to drop and the little guy get crushed as usual.

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Chamath has a great point that it's really the overuse of leverage by hedge funds with no transparency or real regulation that is the real problem. That they got caught with their pants down and that the clown Steve Cohen looks like a fool for white knighting the hedge fund on Monday is hilarious.

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There are only two examples of infinity: The universe and human stupidity and I'm not sure about the universe.

The entire leverage thing is crazy. I see it with private equity buyouts. Insane levels, 8x+ EBITDA.

The hedge fund stuff concerns me less because it is all exempt investors and the prime brokers lending them money, There are systematic risks, like Long Term Capital. So it is concerning in that regard.

My bigger concern is these perpetual low rates that make this type of leverage attractive.


If you want to see something crazy, look at how much debt Home Depot has taken out over the past five years to buy back stock. It is sickening.

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Hawaii (fuck) You

That is the reason the series 7 is the hardest cert test. The entry to be a informed legal trader is a bitch of a test,but once you pass that one the rest are easy

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When I am stuck and need to figure something out I always remember the Immortal words of Socrates when he said:"I just drank what?"

Just think about how our society views leverage. The Federal Government has debt at over 100% of GDP and tens of trillions more in unfunded entitlement programs.

States, like Illinois, have massive amounts of debt and pension holes that will never be plugged.

Consumers take out seven and eight year loans on a quickly depreciating automobile. They take out ungodly amounts to fund college education. They spend money they do not have on revolving credit cards at double digit interest rates.

So hedge funds are the least of my concerns. But I love seeing them implode. Take 2 and 20 and shove it up your ass.

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Hawaii (fuck) You

Anytime anyone says they are "worried" about someone else, there's a 99% chance they're full of shit.

Just wait until Friday when every single call option finishes in the money.

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I think I have been consistent on here with respect to investments. I do tend to see a lot of the risks in the system partially given my role in underwriting hundreds of companies per year for several decades.

I always give you guys my straight honest thoughts backed up with data and my expercience.

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Hawaii (fuck) You

Yeah hope it was worth the call premium when those were written.

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Hawaii (fuck) You

The posts to that effect on Reddit are hilariously sophomoric. Even invoking the concept of your wife's bf exploding in his first shot at anal being of equal joy.

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There are only two examples of infinity: The universe and human stupidity and I'm not sure about the universe.

All I just sold half my position in GME. i'll be able to afford 2 fish finders now.

It's not about you. The point is that more harm than good has been done to whatever you deem to be "unsophisticated" investors in the name of "concern." They need to make the rules fair and consistent for everyone, and then let people do what they wish to do. If a guy wants to go put $50K on Toys R Us, more power to him. Maybe he'll hit it big. If he wants to day trade with his last 80 bucks, he should also be allowed to.

For every "concerned" regulator, there are probably thousands of bankrupt middle-class "recipients" of their generosity, regardless of how well-intentioned their actions were.

I agree with your overall point about whining. Hedge fund managers are simply upset because regular investors can now play the same games they do.

The rules are pretty fair. I mean, one could complain that reg D allows qualified investors to buy into private companies without SEC regulation. But other than that, individual investors can buy just about anything.

Now if you’re worried about high frequency traders, well build an algorithm and place your trading servers in NJ. Nothing stopping you from that.

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Hawaii (fuck) You

When I read about the quarter (tenth?) second advantage with those, I'd hoped that we'd reached something of a floor. Foolish me.

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There are only two examples of infinity: The universe and human stupidity and I'm not sure about the universe.

Ameritrade just dropped the first hammer. Restricting trades on GME and AMC

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When I am stuck and need to figure something out I always remember the Immortal words of Socrates when he said:"I just drank what?"

I mean, it seems crazy enough that Michael Lewis wrote a book about it. There are guys using leverage. There is arbitrage. There are carry trades, which are a mix of the two.

But for folks like us, it is buy and hold. Saving money in regular increments. Minimizing taxes and transaction costs. Stay diversified. Understand your risk tolerance and time horizons. The market averages a 10% return over the long term. You will have money at the end. And you will have a low stress level.

But by all means, gamble away.

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Hawaii (fuck) You

The Ricketts connection!

https://www.aboutschwab.com/todd-m-ricketts

“ Mr. Ricketts has served as a director of TD Ameritrade Holding Corporation, a registered broker-dealer and investment advisory firm (“TD Ameritrade”), since 2011. He has managed his personal investment portfolio since 2001. Mr. Ricketts previously served as corporate secretary and director of business development for TD Ameritrade.

Mr. Ricketts has served as a director of the parent company of the Chicago Cubs, Chicago Baseball Holdings, LLC, since 2009.

Mr. Ricketts brings business management and financial experience to the board through his entrepreneurial and financial services industry experience.”

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Hawaii (fuck) You