4 ms·
I'll buy the "operating in pursuit of the class interest" angle rather than the "make money off each other" angle when the bubble properly bursts and we see the
by tom_mellior 6y ago
I'll buy the "operating in pursuit of the class interest" angle rather than the "make money off each other" angle when the bubble properly bursts and we see the media stories about the early moving millionaires bailing out the late movers who lost their life savings. I'm not betting on that. The people who architected this bubble had a fair share of self-interest.
- anigbrowl 6y agoI think it's a mix. Some people certainly wanted a profit and planned to get out early, others bought in with the appreciation that they might suffer a loss when the price falls back down, but like the idea of pushing a hedge fund into bankruptcy. I have had conversations with both sorts of buyers in recent days. BTW I am not holding any positions in these stocks myself.
- nr2x 6y agoI consider the money I've spent on GME as equivalent to paying for comedy club admission. This is amusing.