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Re:AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains by jcranmer on Wednesday February 03, 2021 @01:40PM (#26017361)
The Washington Post had an article yesterday about someone who was apparently $400k down on GME (https://www.washingtonpost.com/technology/2021/02/02/gamesto...):

> The Reddit poster Volkswagens1, who declined to give his name but said he lives in the Pacific Northwest, showed The Washington Post an image indicating roughly $400,000 in potential GameStop losses from the day but insisted he would not sell.

> He said he’s poured most of his saving and checking accounts into the stocks and spent the last week “doing as much research as possible,” including sacrificing sleep and calling in sick to work, to make sure he was staying on top of the market’s moves.

(There's also a quote about him doing this because he's been poor for too long, but my take is that if you have enough assets to face a $400k loss, you weren't poor before you entered that position, even if you may now be).

Re:AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains by bch on Wednesday February 03, 2021 @02:28PM (#26018010)
> if you have enough assets to face a $400k loss, you weren't poor

It’s not clear to me this has sunk in w ‘Volkswagens1 nor the loss has really been faced. I’d bet the sober second thought will come after this article was published

Re:AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains by ryanlol on Wednesday February 03, 2021 @08:07PM (#26021357)
Looking at this guys posts it seems like he’s down $400k from the peak, but remains above his initial investment.
Re:AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains by eulers_secret on Wednesday February 03, 2021 @02:08PM (#26017731)
$400K is 1/2 the average cost of a house in Seattle. I'd suggest there's an argument that if you can't own (no mortgage) a house in your area, you're still 'poor'.

Still not a great move to dump your entire worth into meme stocks.

Re:AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains by betterunix2 on Wednesday February 03, 2021 @02:57PM (#26018361)
You cannot cite the average cost of a house while dismissing the idea of buying a house using a mortgage. Mortgages are a part of the housing market and are part of the reason prices are what they are. If there were no mortgages prices would be lower, and the market would be structured completely differently.