GameStop: The Economics of Sad Hedge Funds | QuickTake



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37 thoughts on “GameStop: The Economics of Sad Hedge Funds | QuickTake”

  1. Not surprised that a philosophy disappointment is salty that billionaires have the know-how to make more money.

  2. As someone who has traded for years, "Fair and honest Stock Market" almost made me fall out of my chair.

  3. The stock market is fueled by emotion. Some people have the ability to manage risk in their DNA. Do you? Join us! There's strength in numbers, financial friends. #finliti

  4. I usually love Wisecrack videos but this one entirely missed the mark. From the inadequate explanation of what a "rational actor" means (for those interested: it simply means that players in a market generally behave predictably), to the idea that billionaires lost money (all the big players involved in the short squeeze were hedgefunds. they have way more capital than robinhood randos, all of them covered their short positions in a snap and made huge money on the squeeze) to downplaying the fact that WSB mods may in fact be on the hook for market manipulation, this is just a horribly researched video. They even fell for the edited video of that billionaire guy that some rando on twitter cobbled together to make him look bad. I'm really disappointed.

  5. “This is populism coming for capitalism“ yeah, by using the exact same methods as capitalism. Good luck with that one love. All these people did exactly what all of these rich motherfuckers have done over the years, the only difference is, this time the guys used to winning were on the bad side of the bet. You can’t have it both ways grandad. The rest of the small animals on the Savannah saw the lions circling the gazelle out in the open and decided to make their move. And the lions got pissed.

  6. The thing is GameStop isn't dying. It is in the US but in other markets it is thriving. For example in Australia, EB Games Australia (a subsidiary of GameStop) is thriving. EB Games Australia is beating all the digital storefronts, EB has a robust online storefront of its own and was the first major retail chain to go omnichannel, launching its online storefront in 2010. EB Games has been Closing stores, but that is because they are merging them. EB Games also fully owns and operates Zing Pop Culture, so often they would have 2 stores in the same centre. One Zing & one EB, what EB is doing is merging these 2 stores into one, or moving them closer together since before EB had to double their transport infrastructure, often 2 trucks, two warehouses and 2 cargo drop offs. EB is improving themselves. If anything, GameStop needs to actually look at their own subsidiary and listen to them, because EB Australia is widely regarded as the best arm of GameStop, EB Australia operates more independently then other arms and honestly, if GameStop doesn't listen to their successful businesses, then EB Games Australia and the like will go independent. The world isn't dominated by Digital downloads, the US is.

  7. I think you don't frame the story very well here. Some hedgefunds lost money, but many large institutions made money. Some redditors profited, but many lost money.

    Was the motivation to stick it to the rich a big part of 'gamestonks'? Yeah probably.

    Did it succeed in this respect? It is unclear, but in aggregate it probably didn't.

  8. I think you don't frame the story very well here. Some hedgefunds lost money, but many large institutions made money. Some redditors profited, but many lost money.

    Was the motivation to stick it to the rich a big part of 'gamestonks'? Yeah probably.
    Did it succeed in this respect? It is unclear, but in aggregate it probably didn't.

  9. Slightly off topic, again, I remember doing that marshmallow test & instantly eating one before the tester even finished talking and all the emotion/fracks given drained from their face & drooped shoulders and they just left and I felt so bad I just let the marshmallow dribble out of my mouth along with some saliva if I didn't violently spit it out in a mix of negative emotions myself to the ground. I'm still kind of vaguely salty about that bittersweet experience.

  10. The market is moving well most especially Bitcoin, I am amazed at the rapid raise of Bitcoin this past weeks now but currently at $48k 2021 is gonna be a great year for investors.

  11. I am kinda new to that "Wall-Street-thing" topic but it very interests me. Paradoxicaly… I really hate it. But to understand it can save your life these days.
    P.S. Could you make some video about that The Big Short movie? I am interested what else could Wisecrack team tell us about that film. Something maybe we missed.

  12. You remember Disney's Robin Hood, those scenes where Prince John sucks his thumb after Robin kicks his ass yet again? Could someone please make an appropriate meme with that?

  13. Fake logic, fake conclusions. Regulations exist to make markets efficient; they correct some market irrationalities; they failed this time; they need rethought on basis of this example. It has nothing to do with all your "profound" stuff about humans actually having emotions (duh!). All that talk is just your ideological narrative at work — markets are dumb, their supporters are dumb deplorables. Showing that you're not actually the bright ones,

  14. I really hate the sponsored content. Can you guys please do your ad shoutouts at the end of the video

  15. The stock market is like Poker. Just because someone knows the general odds doesn't mean they will be good at playing the game. Poker is just as much about reading people and knowing how they will react as it is about odds of card draws. The stock market is the same is people fold when they should call because they doubt their position and they call when they should fold because they over estimate their position.

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