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Have you guys come across Dave Portnoy @stoolpresidente on Twitter. This guy embodies everything that is wrong with the retail/millennial/wsb crowd. But rememb
by anonu 6y ago
Have you guys come across Dave Portnoy @stoolpresidente on Twitter. This guy embodies everything that is wrong with the retail/millennial/wsb crowd.
But remember that the markets are a beautiful thing. There are millions of inputs into the pricing function. If the price is wrong, then arbitrageurs will come in and bring it in line with where it "should be". There is nothing wrong with that.
- otterley 6y agoMr. Portnoy is discussed in the article.
- FartyMcFarter 6y agoIsn't it a persona?
- soared 6y agoDave portnoy is not a millennial, FYI. He’s like 45. But he owns barstool sports and literally exists to drive pageviews. There are no sports so he turned to sticks, just like it’s described in the article. Unlike wsb he’s worth tens of millions so losing $1MM is less significant than it would be for most. But yeah, awful for the stock market undoubtedly.
- asdff 6y agoIs he really any worse than Cramer taking advantage of retired geriatrics with declining faculties on daytime cnbc?
- purple_ferret 6y agoWow, what happened to this guy? I thought he reviewed pizza joints. Seems like he's turned to pump and dump schemes, which is pretty low.
- ac29 6y agoHe started Barstool sports, a company now worth ~$0.5B. He's personally worth tens of millions as a result of this. He does a little more than eat pizza on the internet these days (though still does that too).