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Destroying a hedge fund because they know how to make money on the stock market and you don't is the hight of pettiness?
What's happening isn't heroic at all. There's a difference between investing as a group in stocks and driving the price of a stock up purely to destroy someone else. That's just immoral and mean, and shows the kind of mindset of people in America these days. They don't want to work hard to become rich, they want to drag the rich people down to their level and take their money because they feel it's owed to them for some reason. This may be an unpopular opinion, but I personally don't think destroying someone's livelihood is something to applaud. And let's not pretend.... They are just trying to make money on the stock market, and the only reason you don't like it is because you yourselves don't know how to do that. If you knew how, you would do it too. Go to schoo, learn how to analyze stocks and invest yourself, don't just destroy someone else that has done that just because your jealous. That's all this is, jealousy. And this jealousy of rich people is WAY too prevalent in today's society....
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@?
How are they "destroying" GameStop? They analyzed the stock based on it's performance and predicted that the stock price would most likely go down, going short in anticipation of that happening. Anybody can do that, and going short on a stock doesn't destroy a business. If anything is destroying GameStop, it is the internet and online shopping cutting out the middle man. Making a calculated bet on that is just smart.
@marsel_duchamp
They didn't "beat the hedge fund at it's own game". They teamed up to deliberately sabbatoge a hedge fund and force it into bankruptcy. There's a difference between innocently deciding to invest in stocks and the hedge fund losing money because they were unlucky or had errors in their analysis, which happens, and a group of people deliberately doing everything they can to sabotage you and destroy your business because of jealousy.
@?
I think it's you that doesn't quite understand what hedging is. This is what I studied in university. There's absolutely nothing wrong with going short on a stock mitigate some of your risk elsewhere. It's actually the smart thing to do if you want to invest in stocks.
4 Answers
- Anonymous2 months ago
It would be like storming the reichstag then blaming it on the Jews
- marsel_duchampLv 72 months ago
Hedge funds are gambling. They do not provide money for investment. Making money from shorting is making money from companies doing worse rather than growing. It is not investing and providing capital for growth.
These were individual investors who obviously learned about how stocks and options work. They worked just as hard as any hedge fund manager. They learned the rules, made a plan, and beat the hedge fund at its own game.
- 2 months ago
its not heroic, you are right there
but it was inevitable
people get pissed off, and eventually the pot boils over, there will be a volatile reaction, and in this case, there was
- Mao BiddenLv 72 months ago
A hedge fund company makes money by destroying businesses and the people involved in them. What is good for the goose is good for the gander. People finding value in companies hedge companies deem expendable are playing the same game with the same rules. Update: If you don't understand what hedge funds do, what shorts are don't posit questions about them.
