Chamath has the best take I've heard on it. The people in WSB do know they're playing a wildly risky game. They know it's wild. They know it's gambling. They k

Chamath has the best take I've heard on it. The people in WSB do know they're playing a wildly risky game. They know it's wild. They know it's gambling. They know there will be bagholders. There were also plenty of savvy people on this early, understanding the bull case that Michael Burry pointed out and the potential for a short squeeze. It was the hedge funds who went over 100% short who were foolish here, not the momentum trading WSB crowd who helped cause the squeeze. The interviewer and just about everyone else I've heard are missing the squeeze part of this. Yes, GME isn't worth $20+ billion. But Volkswagen shouldn't have been the most valuable company in the world in 2008, but it was. Short squeezes are just part of the market. Good on WSB for piling in.