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> Meanwhile a couple of hedge funds go under Which means that the money the hedge funds lost is redistributed among all who held the stock. It's not that the m
by nlitened 6y ago
> Meanwhile a couple of hedge funds go under
Which means that the money the hedge funds lost is redistributed among all who held the stock. It's not that the money vanishes. That's why people hold until the hedge funds go under.
- chias 6y agoThat's not really how the stock market works. The money does indeed "vanish" insofar as it was ever there to begin with.
- pjc50 6y agoYes. People are really not understanding unrealised gains. It went past on Twitter that the Norwegian pension fund is up half a billion dollars as a result of this, because for some reason they'd been holding Gamestop for a while. Is that going to stick? No.
- OscarCunningham 6y ago> Which means that the money the hedge funds lost is redistributed among all who held the stock. No, the hedge funds are being forced to buy, so their money will be redistributed to whoever sells them the stock. That won't be WSB if they keep buying,