Chamath Palihapitiya on Wallstreetbets [audio]

Re:Chamath Palihapitiya on Wallstreetbets [audio] by paulgb on Wednesday January 27, 2021 @03:41PM (#25933637)

I anticipate ours won’t be a popular opinion on here, because the whole “stick it to the man” narrative is tempting, but I have to agree. I listened in on a Clubhouse room today where people were teaching each other how to options trade and I couldn’t help but think, these are the people, not Wall Street, who are going to be left holding the bag.

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Re:Chamath Palihapitiya on Wallstreetbets [audio] by pnathan on Wednesday January 27, 2021 @05:43PM (#25935168)

> I listened in on a Clubhouse room today where people were teaching each other how to options trade

oh no.

that's really bad.

Options is one of the really fast ways to lose your shirt. I mean, they are known for that. I expect they were talking about doing it on margin too. :-/

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Re:Chamath Palihapitiya on Wallstreetbets [audio] by jgalt212 on Wednesday January 27, 2021 @04:13PM (#25934024)

very true. I often think of Blackstone's mega home run trade with Hilton Hotels. They bought it at the wrong price at the wrong time (pre GFC). But someone, they were able to over-default on the debt and still retain control and when they ended up selling it was a huge home run for Blackstone. Of course, the original bond holders got the shaft.

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Re:Chamath Palihapitiya on Wallstreetbets [audio] by chrledntsurf on Thursday January 28, 2021 @12:17AM (#25938493)

there is always someone left holding the bag. welcome to life.

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