Re:Chamath Palihapitiya on Wallstreetbets [audio]
by maest on Thursday January 28, 2021 @04:43AM
(#25940009)
Eh, I'm not sure there's clear moral responsibility when talking your own book.
However, he does come off as someone who doesn't understand what he's talking about:
* comparing WSB "research" with proper fundamental analysis
* daily position disclosing is unrealistic and unrelated to what's going on
* doubling down on the retail vs wall street narrative and talking about the mortgage crisis, when Melvin Capital is a buy-side institution, not a sell-side institution.
* generally painting WSB users as "curageous" for expressing their views in a public forums when a. everyone is using aliases and b. WSB is cery similar to one of those pump-and-dump penny stock IRC chats, just at a much larger scale.
He might appear to be confident and informed but, for someone who is familiar with the industry, he just comes off as being full of bullshit/having a hidden agenda.
However, he does come off as someone who doesn't understand what he's talking about:
* comparing WSB "research" with proper fundamental analysis
* daily position disclosing is unrealistic and unrelated to what's going on
* doubling down on the retail vs wall street narrative and talking about the mortgage crisis, when Melvin Capital is a buy-side institution, not a sell-side institution.
* generally painting WSB users as "curageous" for expressing their views in a public forums when a. everyone is using aliases and b. WSB is cery similar to one of those pump-and-dump penny stock IRC chats, just at a much larger scale.
He might appear to be confident and informed but, for someone who is familiar with the industry, he just comes off as being full of bullshit/having a hidden agenda.