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> Melvin Capital Management, which managed $12.5 billion at the start of the year, had lost nearly 30% for the year through Friday due largely to its array of bets against companies including GameStop, said people familiar with the fund.
Quite interesting that parent article, as detailed as it is, somehow missed a much reported 30% drawdown.
A deep pocketed long term large fund can buy the short position at a discount, a bit like distressed debt, and then just wait it out. It's a guaranteed win if you have deep pockets.
Note that when they buy the position, they don't also inherit the current mark to market loss, only a part of it (the price they pay).
What is a fair price for this position? I would love to know if someone has any insight on this.
But supposedly they could make the investors sign a waiver that they acknowledge this?
If this doesn't prove that the stock market is just a video game, which decoupled from economic reality a long time ago...
We've now entered the age of the meme stock market.
HTML/CSS is vastly more powerful and productive, especially when using something like React/Vue.
It's not because "web devs who don't know anything else".
HTML/CSS is just a superior technology. No wonder that even traditional GUIs are moving this direction - Qt with QML, windows with their new Win10 flat design API (forgot its name)
> Basic layout of things in a way that copes with different screen sizes/orientations is a surprisingly black art sometimes.
It's still easier to solve these problems than in a traditional GUI, which if you noticed tend to have a mostly fixed layout, exactly because dynamic layout is so difficult to get right in them.