Re:The nihilism of r/wallstreetbets
by cbozeman on Monday January 25, 2021 @04:03PM
(#25908848)
This is what's really pissing off a lot of people who think they're "somebodies" in the finance world.
A bunch of people who didn't attend Columbia, Harvard, and Yale Business Schools are using a fucking phone app to do what only they used to be able to do - manipulate the market. And its pissing them off. For decades, these arrogant little shits were told they were the Masters of the Universe.
Now they're finding out firsthand that it just ain't so, and their egos can't handle it.
Re:The nihilism of r/wallstreetbets
by cbozeman on Tuesday January 26, 2021 @09:40AM
(#25916206)
A hedge fund with $12.5 billion in assets lost so much money that two other hedge funds had to step in and save it with a capital injection of $2.75 billion.
A bunch of people who didn't attend Columbia, Harvard, and Yale Business Schools are using a fucking phone app to do what only they used to be able to do - manipulate the market. And its pissing them off. For decades, these arrogant little shits were told they were the Masters of the Universe.
Now they're finding out firsthand that it just ain't so, and their egos can't handle it.