It was always stupid to assume that hedge funds were all in a giant conspiracy with brokers and the media. WSB assumed that hedge funds operate with the same "a

It was always stupid to assume that hedge funds were all in a giant conspiracy with brokers and the media. WSB assumed that hedge funds operate with the same "autistic" (in their words) mindset that WSB does. To WSB, the GME surge was the most important event in their lives. For the hedge funds, it was just another day, albeit a bad one. They don't require you to learn stochastic calculus just so they could fall for the sunk cost fallacy.