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This feels like a conspiracy theory to me. It would require a lot of secret coordination and motive to pull off, versus the simpler explanation that a rich guy
by rurp 4y ago
This feels like a conspiracy theory to me. It would require a lot of secret coordination and motive to pull off, versus the simpler explanation that a rich guy who likes to be an impulsive troll decided to be an even higher profile impulsive troll for a while.
Why would Elon torch his reputation just to help some fund managers? Doing it for money doesn't make sense, since he could lose a lot of it here.
Also, a huge portion of institutional investments are index funds, which don't make strategic buy/sell decisions.
- cykros 4y agoYou're probably right; I was overestimating the amount of funds that are actively managed (ie, would be in a position to act on this in the first place). Had the ratio of active:passive been higher, and a bit of coordination in place, it felt like being fined a billion or two could be a mere cost of doing business, but indeed, that seems unlikely given the layout of the modern asset management industry. That said, torching his reputation...seems to be one of his hobbies. Between the whole SEC battle, the subsequent pumping up of DOGE, the getting high on Rogan's show, having children with names that can't be pronounced, and however many more anecdotes we can come up with, arguably doing weird inexplicable things that seem otherwise self destructive or at least incomprehensible IS his reputation at this point.