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A comment on The Battle of GameStop. Parent comment

Re:The Battle of GameStop by christophilus on Tuesday January 26, 2021 @07:36AM (#25915118)
Exactly. I first heard the bull thesis from Michael Burry. Hardly a gambler. GME was comically over shorted in a console release year. Burry predicted a short squeeze way before WSB picked it up.
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Re:The Battle of GameStop by gruez on Tuesday January 26, 2021 @09:40AM (#25916205)
>Exactly. I first heard the bull thesis from Michael Burry. Hardly a gambler.

The problem with this argument is that there's always an "expert" that can justify your speculative positions.

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Re:The Battle of GameStop by strulovich on Tuesday January 26, 2021 @10:10AM (#25916571)
But we’re comparing it to a lottery.

We can find plenty of experts rationalizing some stocks or history, all with convincing narratives. But can you find a expert explaining the numbers which came up in lottery last night with such a believable narrative (wrong or right)?

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Re:The Battle of GameStop by gruez on Tuesday January 26, 2021 @10:19AM (#25916706)
> But can you find a expert explaining the numbers which came up in lottery last night with such a believable narrative (wrong or right)?

Isn't that what fortune tellers are? The only difference is that most people know that trying to predict the lottery is bullshit, but most don't think that's the case for stocks despite evidence to the contrary (eg. that actively managed funds underperform passive funds on average).

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