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(CNBC)   WallStreetBets collects another hedge fund scalp. Sorry, Melvin   (cnbc.com) divider line
    More: Followup, Hedge fund, Melvin Capital Management, hedge fund, founder Gabe Plotkin, end of the first quarter, large short position, Finance, biggest victims  
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815 clicks; posted to Business » on 19 May 2022 at 10:17 AM (6 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



12 Comments     (+0 »)
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2022-05-19 10:32:06 AM  
Melvin. I always thought that was a funny name.
 
2022-05-19 10:37:45 AM  
Apes dumb together.
 
2022-05-19 10:43:08 AM  
Fark user imageView Full Size


// Close enough
/// Got nothing
 
2022-05-19 10:57:50 AM  
Meh.  Most hedge funds fail, but new ones are always being launched.

One thing I learned in WSB is how a lot of people have confused hedge funds with private equity, or they believe shorting is the same as corporate raiding.  The newest one I'm reading is that you can't short GameStop because they have no debt.  I think this relates to believing that people who short stocks are attempting to take over the company they're shorting.

Hedge funds are mostly vehicles for gambling.  The only way to reliably make money in hedge funds, is to run them - it's to convince wealthy people to give you their money and let you gamble with it for a fee.  It works because many people with money are not as smart as they think they are.

Don't be impressed by hedge funds.  They are not special and are not privy to magic tricks that allow them to beat the market.  They consistently lose to the market.

https://economictimes.indiatimes.com/markets/stocks/news/the-man-who-lost-a-bet-with-warren-buffett-is-ready-for-round-2/articleshow/83835366.cms?from=mdr
 
2022-05-19 11:19:09 AM  
Rapmaster2000:Don't be impressed by hedge funds.  They are not special and are not privy to magic tricks that allow them to beat the market.  They consistently lose to the market.

Uh, excuse me, but I have it on good faith that there are a ton of lucrative one-man Farker hedge funds timing the market just right or close to it. They sold the recent correction right on time (give or take a few years) and will no doubt buy back at a bargain net of fees and taxes compared to hold+DCA.
 
2022-05-19 11:19:17 AM  
Melvins - (A) Senile Animal - 03 - Civilized Worm
Youtube OC5Zlvgj8Xs
 
2022-05-19 11:22:03 AM  

Rapmaster2000: I think this relates to believing that people who short stocks are attempting to take over the company they're shorting.


That's a weird way to acquire control -- holding a negative number of shares, essentially.
 
2022-05-19 11:24:37 AM  

Rapmaster2000: The newest one I'm reading is that you can't short GameStop because they have no debt.


Wait, what?

That's potato levels of understanding. In the words of Wolfgang Pauli, that claim is "not even wrong".
 
2022-05-19 11:27:56 AM  

Ishkur: Rapmaster2000: The newest one I'm reading is that you can't short GameStop because they have no debt.

Wait, what?

That's potato levels of understanding. In the words of Wolfgang Pauli, that claim is "not even wrong".


That one hurt my brain too.
 
2022-05-19 11:52:15 AM  
Plotkin had discussed a novel plan with its investors under which the firm would return their capital, while giving them the right to reinvest that money in what would essentially be a new fund run by Plotkin.

LOL.  Pay no attention to the burning wreckage of my previous fund, the next gig is gonna be big.
 
2022-05-19 1:03:21 PM  

hammettman: Plotkin had discussed a novel plan with its investors under which the firm would return their capital, while giving them the right to reinvest that money in what would essentially be a new fund run by Plotkin.

LOL.  Pay no attention to the burning wreckage of my previous fund, the next gig is gonna be big.


wasn't this loosely the plot to Boiler Room?

This room full of phones is completely different from the last room full of phones.
 
2022-05-19 4:08:10 PM  

Super Chronic: [Youtube-video https://www.youtube.com/embed/OC5Zlvgj8Xs]


The Melvins Revolve live @ Bobs Garage
Youtube VNiN4Vf8Vn0
 
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