Watching it now. I agree with Alexis that current incentives for brilliant people to work in WS messing around with numbers are not good for humanity. Although I am not sure should work on climate change though. They should work on something that improve the quality of life.
Also agree with the entrepreneur that (naked*) shorting is not right, essentially wish the business to fail. Lousy way of making money.
*protective puts is ok as it is protecting your investment.
A bug’s life.
Antz
unfolding in real life. The grasshoppers’ way of life is about to disappear.
Please note that these are aggregate limits for each security and not per-order limits, and include shares and options contracts that you already hold. These limits may be subject to change throughout the day.
If I am interpreting his grand vision correctly, he wants to enable humans to live in other planets, starting with the moon. Frankly, I hope he is successful in his endeavor, especially in my lifetime. I want to do space travel
Mr. Gill posted a screenshot of his brokerage account Wednesday, showing a roughly $20 million daily gain on GameStop shares and options. “Your steady hand convinced many of us to not only buy, but hold. Your example has literally changed the lives of thousands of ordinary normal people. Seriously thank you. You deserve every penny,” replied one Reddit user, reality_czech.
The next day, Mr. Gill posted another screenshot—showing about a $15 million loss. After Thursday’s market close, his E*Trade brokerage account, viewed by the Journal, held around $33 million, including GameStop stock, options and millions in cash.
