Investing, Stock Market and Retirement Planning Thread

Postby **skullman80** » Wed Jan 27, 2021 4:31 pm

Full Chamath interview... part two is linked on that as well. The first 10 minutes or so are just a straight massacre, but the whole 25 minutes he pretty much takes the host behind the wood shed.

"Who was right on $TSLA? Every single retail investor; Let me tell you who was wrong, every single hedge fund. When it comes to innovation,growth & useful things for the world, if it doesn't fit into the mold Wall St wants, they organize against it."

Postby **Pavel Bure** » Wed Jan 27, 2021 4:33 pm

Full Chamath interview... part two is linked on that as well. The first 10 minutes or so are just a straight massacre, but the whole 25 minutes he pretty much takes the host behind the wood shed.

"Who was right on $TSLA? Every single retail investor; Let me tell you who was wrong, every single hedge fund. When it comes to innovation,growth & useful things for the world, if it doesn't fit into the mold Wall St wants, they organize against it."

I like how through the whole thing that CNBC guy’s argument is “they don’t know what they’re doing so they shouldn’t be allowed to do it.”

Postby **NTP66** » Wed Jan 27, 2021 4:36 pm

Full Chamath interview... part two is linked on that as well. The first 10 minutes or so are just a straight massacre, but the whole 25 minutes he pretty much takes the host behind the wood shed.

"Who was right on $TSLA? Every single retail investor; Let me tell you who was wrong, every single hedge fund. When it comes to innovation,growth & useful things for the world, if it doesn't fit into the mold Wall St wants, they organize against it."

I like how through the whole thing that CNBC guy’s argument is “they don’t know what they’re doing so they shouldn’t be allowed to do it.”

Pretty much. He tried his best to white knight it.

Postby **NTP66** » Wed Jan 27, 2021 4:38 pm

Yes ma’am, this is a casino.

Postby **MrKennethTKangaroo** » Wed Jan 27, 2021 4:38 pm

Other than getting shorted by hedge funds, are there any remote similarities between telsa and gamestop. Any?

Postby **Trip McNeely** » Wed Jan 27, 2021 4:40 pm

Other than getting shorted by hedge funds, are there any remote similarities between telsa and gamestop. Any?

Yea I see none

Postby **MrKennethTKangaroo** » Wed Jan 27, 2021 4:42 pm

Tesla has billions of dollars of debt and have had to raises tens of billions of dollars in stock to build its business. they didn't get all of that money from retail investors. acting like tesla is some hero to the little guy is bogus. tesla has had to rely on wall street a ton

Postby **skullman80** » Wed Jan 27, 2021 4:43 pm

It was just one quote I picked out of the interview, but I really think the whole interview and his points make sense in general. I'm no expert at all in this, but I am buying what he is selling as far as his responses to the host in that interview.

Postby **MalkinIsMyHomeboy** » Wed Jan 27, 2021 4:45 pm

I don't think anyone is saying Tesla and Gamestop are the same. Just that hedge funds bet wrong and retail investors bet right on both. that's the crux of the quote

Postby **count2infinity** » Wed Jan 27, 2021 4:46 pm

It's funny... the host keeps yelling that they don't know what they're doing, this is wrong, everything is terrible, and Chamath keeps coming back and saying "there are some that don't know, treat the sickness not the symptoms, some of this is indeed terrible but WSB didn't get it here, they're just highlighting the issues." (paraphrasing, clearly...)

Postby **skullman80** » Wed Jan 27, 2021 4:48 pm

I think it's also clear that there are some very smart people on WSB and just in general. Wall street doesn't like that some kid at home with a PC can figure out how to make money without giving money to them to do it for them.

Postby **count2infinity** » Wed Jan 27, 2021 4:51 pm

The host's biggest problem is that he is trying to claim that everyone that's doing this doesn't have any idea what's going on, so it's wrong. There are clearly a subset of YO!!! THIS IS HOW TO BECOME RICH!!! And a sh*t ton of those people are certainly going to lose money. No doubt.

He also keeps coming back to asking "do you think gamestock is worth this?!?!"

Chamath coming back to saying the system is broken because hedge funds and wall street aren't transparent enough. You have full transparency, this sh*t doesn't happen.

Postby **Freddy Rumsen** » Wed Jan 27, 2021 4:52 pm

Postby **MalkinIsMyHomeboy** » Wed Jan 27, 2021 4:52 pm

You know who the ultimate winner of all this is?

Robinhood. I can’t imagine what their user/usage increase has been in the last few days

Postby **count2infinity** » Wed Jan 27, 2021 4:57 pm

Oh absolutely... RH is rocking it right now, for sure.

Also, the free stock that they gave me is doing well, so that's fun.

Postby **Dickie Dunn** » Wed Jan 27, 2021 5:03 pm

The free stock they gave me is trash. Meanwhile a couple months ago GME was being given out as a free stock.

Postby **MrKennethTKangaroo** » Wed Jan 27, 2021 5:05 pm

The host's biggest problem is that he is trying to claim that everyone that's doing this doesn't have any idea what's going on, so it's wrong. There are clearly a subset of YO!!! THIS IS HOW TO BECOME RICH!!! And a sh*t ton of those people are certainly going to lose money. No doubt.

He also keeps coming back to asking "do you think gamestock is worth this?!?!"

Chamath coming back to saying the system is broken because hedge funds and wall street aren't transparent enough. You have full transparency, this sh*t doesn't happen.

Here's the thing...valuation doesn't matter until it starts to matter. It never started to matter with tesla because tesla a. had a good product, b. had a very high profile ceo with a history of success and c. was in a market with unlimited potential. Gamestop has none of these going for it.

If anyone thinks the way to "fix" wall street is by pouring money into shorted stocks, then have it, guys.

Postby **Freddy Rumsen** » Wed Jan 27, 2021 5:08 pm

Postby **NTP66** » Wed Jan 27, 2021 5:31 pm

Reddit asked the wsb mods to break up the daily threads because the sheer volume of them (>100k comments) was just killing their servers. A large portion of those comments are bits and shills trying to get people to divert to other funds, so I’m hoping that they just prevent new users from commenting.

Postby **Pavel Bure** » Wed Jan 27, 2021 5:34 pm

Oh absolutely... RH is rocking it right now, for sure.

Also, the free stock that they gave me is doing well, so that's fun.

They gave me a share of Microsoft a year ago. I should have sold that and put it in GME a couple days ago. Oh well still a good stock to just be handed.

Postby **count2infinity** » Wed Jan 27, 2021 5:39 pm

Naked is going nuts.

Postby **NTP66** » Wed Jan 27, 2021 5:40 pm

Naked is going nuts.

Postby **mac5155** » Wed Jan 27, 2021 5:51 pm

DFV update:

He's insane. Cash it bro.

Postby **NTP66** » Wed Jan 27, 2021 5:54 pm

He’s the OG diamond hand of GME. If he holds, even the paper hands will hold.

Postby **willeyeam** » Wed Jan 27, 2021 5:58 pm

When he sells everyone is **** imo