Re:Chamath Palihapitiya on Wallstreetbets [audio]
by dralley on Wednesday January 27, 2021 @03:57PM
(#25933840)
I agree, it feels dishonest to start out by saying "where was that message in 2008?" and then within seconds "guess who was right about Tesla?".
By that logic, Wall Street was "right" for years, because housing prices just kept going up and up and up and up. This story didn't end yesterday, it's entirely possible that the Tesla shorts were "just premature" the same way that the people who started shorting the housing market in 2005 were premature (and took a beating during those years).
And the praise for /r/wallstreetbets seems a bit excessive considering that by his own admission, he only just learned about them a couple of days ago. I don't know how much time he's spent there but I'm not sure that his read on the place is especially accurate.
By that logic, Wall Street was "right" for years, because housing prices just kept going up and up and up and up. This story didn't end yesterday, it's entirely possible that the Tesla shorts were "just premature" the same way that the people who started shorting the housing market in 2005 were premature (and took a beating during those years).
And the praise for /r/wallstreetbets seems a bit excessive considering that by his own admission, he only just learned about them a couple of days ago. I don't know how much time he's spent there but I'm not sure that his read on the place is especially accurate.