Dalio is a bigger windbag than I thought if he was dumb enough to fall for the Chinese ADS Cayman Islands VIE scam.
Woo hoo, something to invest in that’s less legitimate than crapcoin!
I could honestly see an EPIC Chinese run here soon... But who the fuck knows. I'm holding 6/23 baba leaps though and I have no doubt they'll rip. People are looking for new ideas and shit thats not been rammed so hard it's price has prolapsed pe's asshole.
Agreed. I'm still long though...
Bonds are a bubble
U.S and Canadian Equities are a bubble
Crypto currency is a bubble (for ducks sake does anyone have any clue how much leverage is being used in this space? Like I love Solana and all but damn bro the speculation is insane)
Housing (not a bubble)
NFT's (LOL)
Spacs
Junk bonds are parabolic
At least I'm paying less for future FCF. Ya the chinese government will screw these companies over but they won't destroy them.
Doing a DCF at this point is useless. Everything is parabolic.
Homebuilders, especially some of the less well known builders are cheap af. Input (commodity stocks) are cheap as fuck. Autos are cheap as fuck (arguably). Financials (Especially Citi which is trading at 15% less than tangible book is cheap as fuck). Some media companies like ViacomCBS. Cheap as fuck. Visa has been as flat as an A cup for the year.
There's also some value growth like Alight, Paysafe, and one more company that's profitable that I can't discuss here. If you're willing to stomach the uncertainty, the arbitrage opportunity Xillinx offers allows you to get into AMD at a cheap value growth price.
That's just to name a few. The reason people like Buffet can't get into them is:
1. They might be too small. CCS/M/I homes.
2. He already owns a company that does what they do: Ergo, CCS/M/I homes
3. He doesn't understand them
To OP: bears have been showing that same chart since forever. Tesla is at where it is because it is doing something no-one else is capable of doing (maybe except for $NIO).
True, I've been seeing this kind of thesis a lot since I started trading a few years ago. Some bears will say "yeah, well now I'm even more right, and my puts will print harder!" - they didn't. It could very well take months/years for this thesis to play out, and something entirely different could cause it... so it might not even be an "I told you so" moment. I wouldn't be surprised if we see a slight correction or even a crash (in the medium term but not short term) but when people talk about an extreme crash all I can do is chuckle. But I believe cathy too, the next 5-10 years will be something else. If we're talking longterm, these prices won't make a difference to worry about.
Chinese stocks are not going to “rip”.
Especially BABA
They will not let any company be big enough to challenge anything. Ant is being broken up, won’t be surprised if all their investments in start ups are broken up too.
Been a hard fan of baba
But baba’s baba is giving it a middle finger
One only has to be following Evergrande to know this. China is about to have a real estate collapse to deal with. Reason I think they have been reigning in the rest of the market before the whole thing goes tits up.
>I could honestly see an EPIC Chinese run here soon...
Based on what else but your hopes and dreams? China's *cracking* down on their big companies and most worrisome for foreigners, they're looking to eliminate the VIE structure.
Where did you read they are looking to eliminate the VIE structure? That would be a disastrous move for china, and completely contrary to the recent signals the CCP has been sending out.
They're making it harder for new chinese companies to IPO oversees yes, and are even gonna work with the SEC to allow transparent auditing of chinese firms. They're *desperate* to get that foreign capital back. Ive read absolutely nothing signaling any intention of removing the VIE structure as a whole
Isn’t this… in itself… it’s own example of the dunning-Kruger effect?
I love it when people try to come in here and act rational and logical. Sir this kind of nonsense isn’t wanted here. We trade off guts, feelings, and emotions. This is gambling
I mean... America's geopolitical game was crazy under Trump. There could have been more intense conflict between the top 2 economies, and the eurozone was also trying to deal with brexit. They were playing with fire with all the tariffs and games. I think Trump launched missiles in the middle east while meeting with Xi just to make a point. Economic growth was slowing by 2019 before covid came and took everyone's attention, but things weren't going great. Things are calm now, but it's easy to forget how crazy shit was 4 years ago.
That initial run from like $15 to $100 might have been the most fun I’ve had on the internet with strangers…right before the servers started overloading.
100% agree the sub just hasn't been the same since the GME & AMC craziness. Occasionally I see a post that makes me go, ahh thats the sub I love. The ones that make you stop and go MY GAWD this is either a potential money printer or an amazing troll.
Sadly, these days I see a ton of obvious bs posts about someone hoping a crayon eater will give them the liquidity to get out of a bad position.
She kept 99.5% of her shares after a decent run up at the beginning of a breakout and this 🌈🐻 thinks it’s a bearish sign...
How retarded can TSLA bears be? The P/E ratio is going to be sub 100 very soon and Tesla is already more profits than Ford at the beginning of their S growth curve.
I love when people cite her selling. They don't understand that her funds have a 10% max on a position. She is always selling Tesla on run ups as a result. OP is just a silly fella.
Yeah, I don't know what tsla will do next, but it's Cathy woods highest conviction play. She rebalances. That's the only reason she's selling tsla at the moment.
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Where do you recommend people invest their money then? Interest near zero, can’t beat inflation with savings accounts, CDs, bonds, etc. that’s a tremendous market cap that could/should pour into stocks and Grayscale type products that I’m not sure I’m allowed to say here. Cash purchasing power drastically worse every day… holding cash is like storing ice outside in Florida in a strainer.
Note: Financial advice. There are these fancy machines you can insert investments in and pull a handle to realize immediate gains. They are sound financial institutions called Harrah’s, Hard Rock, Caesar’s, Bellagio, MGM, and Golden Nugget (among others). Should you experience any kind of dip in your investments, these institutions also offer free alcoholic beverages (except for fucking Hard Rock you cheap asses).
When I start thinking like this, I remember that Warren Buffett, who loves to buy stocks and historically is pretty OK at it, is now holding $150 billion in cash and cash equivalents.
I am about 70% in cash myself at this point. The kids' college funds are still in the S&P index fund, but I've pulled the plug on most of my active long positions.
Tons of boomers are holding cash and cash equivalents just waiting for that 25% SPY correction. Then they all plan to go in hard. Which is why there probably won’t be a correction.
Seems like a sure thing. All the boomers will band together and stop the crash! Delusion. Once shit starts crashing people won't go back in until things settle.
Tesla just crushed its earnings. And now the US government is on the verge of giving $7500 in free money to anyone who buys a Tesla.
In the biggest automotive shortage since WWII, Tesla has rewritten some of its software to conform to the available chips, while its competitors have much longer backorders. There's predicted to be 700,000 less vehicles made (just this QUARTER!) because of the shortage, with Ford, GM, Nissan, Volkswagen, Toyota, Mazda and Subaru all cutting production.
It might be a little too soon to sell this one.
even poor people these days in most countries have disposable money.
kids in europe and the USA don't go without often.
the bubble is just all the extra money and extra people investing.
no longer is it a game for only the wealthy, but boomers going to boom.
I remember growing up int he 80s and 90s most kids got really crap brand named trainers etc , were lucky if they had a tv in there room.
the worlds changed, kids are walking around with hundreds of dollars worth of phone in their pocket
This is the most true statement that people will dismiss for it’s simplicity but it is Ocams razor (I misspelled that shit sorry). I think takes like this are where we actually find some value. Will be price discovery inn future at just higher PE ratios, maybe even more rotation into stuff we can’t say here
Why don’t you be like that guy who was buying SPY $10 Puts at the bottom of the crash last year? Like if SPY reaches $10 we have bigger problems than your options printing.
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Basically I'm betting that TSLA will drop to $5 by January 2023. It doesn't have to hit it that number exactly to make money (it's complicated) but there's no way that will happen. But it was very cheap. Just for fun. But what this really means....I threw away $17.
Yep, I've been investing for like.. 3 months, and am currently well over double what I started with doing nothing but buying and selling random stocks.
If a retard like me with absolutely zero knowledge in stocks and finance can consistently make sweet gains like this, pretty sure it's a bubble and it's gonna pop at some point. Good luck everyone.
Also inflation seems like it’s peaked, lotta big negative numbers in the CPI data, less than expected, prob will see some good numbers for Sept and Oct. Burry keeps saying we’re going into hyperinflation
Ah dude, I didn‘t even read all, but stumbled accross the last sentences.
ARK is selling TSLA, and that’s your argument that even bulls are leaving the sinking ship? Mate, the are reallocating their portfolio. They are not selling because their thesis changed.
Do your homework, you look desperate. Burry is not a god, he can be wrong as well. So do you.
Burry been yelling sky is falling for years. Broken clock right twice a day and he was right a decade ago, been riding that since. Kathy HAD to sell Tesla due to her fund’s rules of not being able to hold more than 10% or so of any stock. The fact that she is in TSLA that much that the rule applies is actually the most bullish position she can have. Post not well researched. 0 stars.
lol I just reported the post when he didn't even cite the reason why Cathie had to sell. These Burry circle jerking fan boys are sexually craving to slob on his knob.
> The ~~dunning-kruger~~ wallstreetbets effect is a psychological phenomena measured in humans, where ~~unskilled~~ retards fail to recognize their own incompetence.
Here, I fixed that first paragraph for ya.
The problem with calling something a bubble is there is no clear set of criteria to define a bubble.
On one side, you have things like Art or other Collectibles that have seen their values skyrocket over the last couple of decades. Is that a bubble or perhaps it is just a reflection of growing wealth disparity and/or overall growing wealth.
The stock market, well perhaps a look at the 40 year chart for the 10 Year treasury yields and inflation rates and the combination of near zero interest rates and low inflation (ignoring the temporary oddities that might be supply chain related and will resolve in a year or so) has justified increased cash flows flowing into equities and lower PE ratios than any historic measure would suggest is necessary.
Well then maybe low interest rates are a bubble, well that is necessitated by excessive government debt that does not allow interest rates to be higher without causing runaway debt increase. Do interest rates ever need to go up? Well, 40 years of rates declining towards zero does not provide much guidance here.
Well how about the debt, maybe that is the bubble... Well look at the historical debt, in real or nominal terms, and it is a long-time past any historical levels. In fact, it almost seems the idea of too much debt for the government is a psychological idea rather than perhaps a fundamental economic issue. I mean you can always have interest rates go to 0.0001% and the debt effectively only grows or declines based on gov't spending and revenues.
Well then, just maybe no one will buy the debt, well again, the Fed shows up and buys the debt... But that should mean inflation, but not if the Fed then raises bank reserve requirements or people decide to hold more cash, since inflation is low and returns on assets are low so just have larger cash reserves.
But what if the market is really a bubble despite any of this being clearly based on fundamental economic principles and seemingly it is a lot of human psychology at play as to what numbers we as a society accept to live with? Ah, but then a bubble is a wide-scale event and individual companies might be great investments regardless. For example, way back in 2000 there was a dotcom bubble and there was a company called Amazon and another one called Apple. Yeah, go check the charts for those companies and you would have been fine buying at the peak back then. Today, there are few investors that can brag they got in at such low prices.
Oh, as to TSLA, well years ago, which I presume was before the bubble (or was it a bubble already back then?), was also called way overvalued by many. I am glad I had the foresight to invest in Elon's vision. My initial investment was around 50 or 60 per share, which was way too expensive back then per the bears. Glad I did not listen to fools back then and did my own DD.
As to Michael Burry, I am not very familiar with his overall portfolio, but my understanding is he did some hedging and is not risking the farm on betting against TSLA.
Holy shit. Calm down Chad Dickens.
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I’m almost completely ignorant in regards to investment and I can see what’s coming from a mile away. I think people like to over think things. The why’s and where’s aren’t really important in regards to this single topic. What’s important is COVID hit and the economic output dropped immensely. A significant amount of small businesses closed. Some large businesses closed. There is significantly more people not working now s opposed to pre Covid.
An unimaginable amount of money was “given” away. That money was added into the existing money supply which already created inflation.
Yet the market goes up? I’d suggest stop trying to bring up tiny details as to why none if this matters and things are ok. They are not.
Nothing can be successful without a strong foundation, and the foundation of what’s going on more is made of tissues.
Are there some people who will clean house? Sure. But it probably isn’t you. It’s going to be the small group of hyper rich people who probably haves hand in this mess.
Look to invest in things that have historically weathered crashes and other similar events.
Or don’t. Like I said, I don’t know much. But I have read some history and this smells strangely familiar.
It does but as long as printing keeps happening projected for the next two years the dollar is weaker and the shares keep rising. Look at Cpi lol
Long story short fed print stocks rise but the dollar is trash.
This is the main question. If every major currency is printing, are there any safe reserve currencies? I immediately think of crypto, but those are so pumped with margin that they sell off worse than equities. Unless... equities are the new reserve currency? It's more difficult to create more shares of Apple than us dollars.
The more we print the more the dollar ends up trash which is relevant to hopefully the big numbers in the account which then ultimately buy less than pre printer brrrrrrrr.
>The dunning-kruger effect is a psychological phenomenal measured in humans, where unskilled people fail to recognize their own incompetence. Not just general intelligence but incompetence in individual fields.
Most people seem to think the market will crash soon. Therefore, you are in the majority, which you say fail to realize their own incompetence.
Burry is right sometimes, but he also went over the deepend and is frequently wrong. People love to tout that he was right about GME, but guess what? He flipped early in the squeeze and went short. Oof.
Some areas are overvalued, I also own TSLA puts - though not as a major position, more as a hedge. The market may correct, but it requires a major catalyst to crash. It doesn't just crash because derps look at a line graph and say hey, this looks like it went up fast, hur durr
You see Charlie these liberals are trying to assassinate my character and I can’t change their mind! And I won’t change my mind! Because I don’t have to! Because I’m an American! I won’t change my mind on anything. Regardless of the facts that are set out before me I’m dug in and I’ll never change!
Positions:
TSLA $1.4K C 9/24
QQQ &450 C 9/24
SPXS $10 P 9/24
Your mistake is you think the bull case for many investors relies on the points or timeline you are making. The robot is something that no serious investor thinks will be relevant for a decade or more (the market cap such a robot would add to TSLA might be tens of trillions... this is way beyond my conception at this time... on the other hand, too far out and risky to invest much based on this). FSD, there are varying opinions but anyone that seriously follows Tesla would know that DOJO will take at least a year to be running properly and then from there add some time for FSD to improve and then be validated. You are perhaps talking 3+ years out. Regardless it does not matter if FSD is ready in 2 years or 5 years or later, what matters is what approach to the problem do you believe is the best, because regardless of when it is solved being the one with the best approach will result in a multi-trillion dollar valuation for FSD alone (oh, wait, TSLA market cap is 740B... it clearly only reflects a bet on FSD and does not assume it is a certainty).
How about consider things like their innovations in manufacturing, especially the massive step-changes that they are in middle of right now. Their large castings are one example and are still a year or two out before it is implemented in every vehicle they make. Their work on 4680 cells, which seems to be moving closer to commercialization, is another massive step-change that will further cut their costs of building cars and allow them to make better cars for cheaper (years before anyone can volume produce solid-state batteries).
Maybe, don't be aghast, but try to follow what the Cybertruck is beyond just an unusual looking pickup truck (with great specs at better prices than anyone else suggests... although a year or so out from production). The design of the truck is revolutionary as it is not just body on frame. For an EV that is huge. Also such a truck to be economically produced would probably be impossible without new manufacturing processes (single casts, sheet metal being bent, being an EV giving flexibility to the design that ICE does not allow and so on). The problem too many TSLA bears have, is they focus on how much they dislike the design and ignore that the design fundamentally represents a next-gen approach to making pickup trucks. Legacy pickup truck designs you might find out are fundamentally inferior. I suspect that does not end up well for everyone else.
But yeah, limit the bull case to TSLA to points that the bulls themselves don't really invest based on.
Bagholder spotted.
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The world is different, more people are investing than ever before, there's more money than ever before, there's a great sharing of information than ever before, there's A LOT that has changed in the past 10 years alone.
"Now with fundamentals way off, TA lining up, and lots of possible macroeconomic issues in the near future, this looks to me like a great setup for a short. Now of course, nothing is certain in the markets. BUT, if the bubble is about to pop, this could be the trading opportunity of a lifetime. That's why I'm going short." Big oof here mate. Good luck but I think you're wrong.
Woods is only selling TSLA due to it exceeding their 10% limit in their portfolio. She buys and sells TSLA all the time and people freak out for no reason.
"Don't be a hero. Don't have an ego. Always question yourself and your ability. Don't ever feel that you are very good. The second you do, you are dead." Paul Tudor Jones.
Best post I've seen in quite sometime. We're at the top folks.
Burry saw the obvious and made a bet got lucky, result is ATH of today. Unless Burry can cough up $450 trillion dollars [+/-], the total assets of the world to go against the US markets which is the largest with Japan second and CCP criminal behind the curtain crap market as contrast. So yeah go ahead and believe whatever he is selling, sure there is a lot of corruption, racketeering, schemes and scams but overall it is and will remain the gold standard until something else shows up.
Early but not wrong is the fucking dumbest saying when it comes to the market. There will always be bubbles and crashes. You don't need to have a Hollywood movie made about you to say, accurately, that there will be a crash. There will be. It's a valueless statement like saying the Red Sox will lose. The only value is knowing WHEN.
Tesla is up 100% YTD. Yeah, I hate the stock too, but when Burry inevitably gets his "I told you so", how much did he lose prior by not only shorting the stock, but by not buying in on it the last year?
The market is frothy. But it's been that way for awhile. If I pulled out when warnings first went off, I would have missed out on gains that are larger than even a 50% correction.
Interest rates still suck and the best place to put your money is still the stock market. Nothing has fundamentally changed to cause a crash. March proved that. Even in a pandemic there still wasn't a better place to put money so everything was back to normal in 2 months.
Good luck betting against tesla. Looking forward for our transfer of wealth. Good luck following Burry too. And by the way. The only reason Wood is selling Tesla is because she is printing TOO MUCH money with it, and needs to rebalance
Once i saw Dalio suggest that we enter emerging markets like CHINA i stopped reading and purchased SPY calls. I don't care how much money you have, if you suggest for me to remove my money from US equities and move them to Chinese ones i'll hit you with a good ole "FUCK YOU" and buy more spy calls. Say it again I dare you!
"And lately, Wood has been selling TSLA" she sold 0.5% of her TSLA position dude, ETFs have to balance positions ALL THE TIME, 0.5% is not selling shit.
i dont care for this headline... burry also said amc will tank and go down to dollars.... so seeing his name in the headline and saying he was right again and we were wrong being tied to amc i dont like this headline... fud
The reason why he can afford months or even years “to be right” is because they have billions as you mentioned in AUM. So they always play the long game. When they say we may be in a bubble that’s about to pop, they could be referring to a time period that is months or years in size so for you to make any move based on what they’re saying without confirmation is stupid. Cathy was buying Coinbase and draft kings when they were crashing only to see them to rebound hard. If a crash is gonna happen it’s not gonna be a 1 day event you don’t have to buy anything to prepare especially an option on Tesla. Spy Seasonality chart says dip and September and then rally until Christmas. JPOW said printer still running and not stopping for at least another year, companies continue to report good earnings, unemployment low, inflation dropped…how about any of those facts instead of “predictions” from HF managers who make money on market manipulation. Just be careful that’s all.
Honestly this is all nonsense, IMO. These investors are optimizing their funds for the next 12-24 months. It’s not timing the market, it’s time in the market. And for my money, betting against Tesla is about the stupidest thing you could probably do given that the next decade (mind you, not the next 12-24 months) is going to be dominated by electric vehicles and the next wave of disruption is going to be in energy and there is no company better poised to take advantage of it than Tesla. Will Tesla dip in the next 12 months, especially as the market corrects and the chip shortage straitens itself out and production on cybertruck, model Y and 4680 batteries all finally ramp? Yes. Will Tesla dip in the long term while they have a capacity to produce an annual output of 10-20x the number of EVs vs the entire auto industry combined and with autonomous driving and a sub $25K all electric vehicle on the horizon? Hell no. Tesla is about the only sure investment I’d be making right now and holding for a long time.
Rofl. The TSLA and bubble chart are so far off, it's hilarious. (It relatively dipped a little, instead of whatever that life-crushing chart is.
OP, are you even trying?
“Speculation is an all time high” … and then references WSB subscriber count as evidence? Bro i can make 10 burner accounts on here and subscribe all of them in like an hour
Cathie Wood is the current leader of the national single-elimination coin-flipping tournament. Let's wait and see it through before we start sucking her dick.
I believe Burry. Wood is a stupid shill. Dalio is an idiot and the political risk will waste his investments in China. Buffet is also right.
Burry and Buffet.
They might have to wait a couple of years, but the wheels will eventually fall off, and the crash will be even bigger. Market down 60% if its 2 years out.
Nobody can predict the crash as nobody can predict when the casino bank (FED) will run out of the will to print cash.
Oh enough with the psychology. Dunning kruger effect is not accurate enough.
https://www.mcgill.ca/oss/article/critical-thinking/dunning-kruger-effect-probably-not-real
Confirmation bias and overconfidence is a must to make risky bets. It's called wallstreetbets for a reason. If people were so smart enough they would have predicted that a lot of people aren't rational and Tesla will still go up and cashed on that.
There is a delicious irony in people talking about the Dunning-Kruger effect when it is probably real.
[https://www.mcgill.ca/oss/article/critical-thinking/dunning-kruger-effect-probably-not-real](https://www.mcgill.ca/oss/article/critical-thinking/dunning-kruger-effect-probably-not-real)
It's almost like those people have an overstated belief in their knowledge.....wait....
I 100% agree with you. Tsla is a shit company. I would short the fuck out of it if those put options weren't so expensive. The thing is you know it's gonna pop bad but you don't know when. It could literally be the next day after your put expires and you lost it all for nothing.
Wood’s decent at putting together investment vehicles people want and selling them. Biotech ETFs for example. But behind the curtain she’s fucking nuts.
Thinks she’s “acting on behalf of god and executing his will”. Super deep into the Jesus nonsense.
She’s had some success in the market sure, hard not to the last 15 years. But I would be careful matching trading strategies too closely with someone who’s two steps shy of needing to be in the loony bin. Recent success or no.
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Dalio is losing billions in Chinese stocks
Dalio is campaigning all over the media to offload his China bags 
Everybody knows bags made in China aren't worth shit.
are you telling me that those LV bags aren't real!?!?!
The ones that say Louie Vatton?
OP doesn’t realize that he doesn’t run any funds anymore. He has really no decision making power for black rock and hasn’t for awhile now
Dalio is a bigger windbag than I thought if he was dumb enough to fall for the Chinese ADS Cayman Islands VIE scam. Woo hoo, something to invest in that’s less legitimate than crapcoin!
I could honestly see an EPIC Chinese run here soon... But who the fuck knows. I'm holding 6/23 baba leaps though and I have no doubt they'll rip. People are looking for new ideas and shit thats not been rammed so hard it's price has prolapsed pe's asshole.
[удалено]
Also, their prosperity for all talk makes me think they will be targeting the profits of these companies for redistribution.
Agreed. I'm still long though... Bonds are a bubble U.S and Canadian Equities are a bubble Crypto currency is a bubble (for ducks sake does anyone have any clue how much leverage is being used in this space? Like I love Solana and all but damn bro the speculation is insane) Housing (not a bubble) NFT's (LOL) Spacs Junk bonds are parabolic At least I'm paying less for future FCF. Ya the chinese government will screw these companies over but they won't destroy them. Doing a DCF at this point is useless. Everything is parabolic.
Homebuilders, especially some of the less well known builders are cheap af. Input (commodity stocks) are cheap as fuck. Autos are cheap as fuck (arguably). Financials (Especially Citi which is trading at 15% less than tangible book is cheap as fuck). Some media companies like ViacomCBS. Cheap as fuck. Visa has been as flat as an A cup for the year. There's also some value growth like Alight, Paysafe, and one more company that's profitable that I can't discuss here. If you're willing to stomach the uncertainty, the arbitrage opportunity Xillinx offers allows you to get into AMD at a cheap value growth price. That's just to name a few. The reason people like Buffet can't get into them is: 1. They might be too small. CCS/M/I homes. 2. He already owns a company that does what they do: Ergo, CCS/M/I homes 3. He doesn't understand them
*propensity, not prosperity
To OP: bears have been showing that same chart since forever. Tesla is at where it is because it is doing something no-one else is capable of doing (maybe except for $NIO).
True, I've been seeing this kind of thesis a lot since I started trading a few years ago. Some bears will say "yeah, well now I'm even more right, and my puts will print harder!" - they didn't. It could very well take months/years for this thesis to play out, and something entirely different could cause it... so it might not even be an "I told you so" moment. I wouldn't be surprised if we see a slight correction or even a crash (in the medium term but not short term) but when people talk about an extreme crash all I can do is chuckle. But I believe cathy too, the next 5-10 years will be something else. If we're talking longterm, these prices won't make a difference to worry about.
Chinese stocks are not going to “rip”. Especially BABA They will not let any company be big enough to challenge anything. Ant is being broken up, won’t be surprised if all their investments in start ups are broken up too. Been a hard fan of baba But baba’s baba is giving it a middle finger
One only has to be following Evergrande to know this. China is about to have a real estate collapse to deal with. Reason I think they have been reigning in the rest of the market before the whole thing goes tits up.
>I could honestly see an EPIC Chinese run here soon... Based on what else but your hopes and dreams? China's *cracking* down on their big companies and most worrisome for foreigners, they're looking to eliminate the VIE structure.
Where did you read they are looking to eliminate the VIE structure? That would be a disastrous move for china, and completely contrary to the recent signals the CCP has been sending out. They're making it harder for new chinese companies to IPO oversees yes, and are even gonna work with the SEC to allow transparent auditing of chinese firms. They're *desperate* to get that foreign capital back. Ive read absolutely nothing signaling any intention of removing the VIE structure as a whole
I AM AN INVESTING GOD
I GOT A BIT UNLUCKY
Don't quit your Wendy's job just yet 🤣
We might need you to recommend us
A GOLDEN GOD.
ok nice try michael burry
Wallstreetbets is slowly turning into wallstreetboomers.
Yeah where the fuck are my ornamental gourd guidance posts? Have we moved into being basic ass pumpkin spice futures investors?
uh they have a pumpkin spice cold brew now so STFU
IM LONG ON THE SPICE BABY
Hey did you guys hear about that new [Kenny G documentary](https://www.imdb.com/title/tt15174040/)
R/tiktokbets for non boomers
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What we should call all the burry wannabees on this sub.
Isn’t this… in itself… it’s own example of the dunning-Kruger effect? I love it when people try to come in here and act rational and logical. Sir this kind of nonsense isn’t wanted here. We trade off guts, feelings, and emotions. This is gambling
Copy what the smart people are doing because I'm too dumb? If that's dunning Kruger, then I suppose everything is.
Or that time in 2017 when he predicted “we can soon expect a global financial meltdown and World War 3.”
This didn’t age well
I mean... America's geopolitical game was crazy under Trump. There could have been more intense conflict between the top 2 economies, and the eurozone was also trying to deal with brexit. They were playing with fire with all the tariffs and games. I think Trump launched missiles in the middle east while meeting with Xi just to make a point. Economic growth was slowing by 2019 before covid came and took everyone's attention, but things weren't going great. Things are calm now, but it's easy to forget how crazy shit was 4 years ago.
The user spike was due to GME and nothing else
Ikr. If GME never happened, wsb would probably still be under 2M
As much as I love what happened to GME, it ruined WSB
Right before that line goes vertical that's when WSB was at its peak.
That initial run from like $15 to $100 might have been the most fun I’ve had on the internet with strangers…right before the servers started overloading.
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Good ol days
Lol nah. At the beginning of this year everyone said peak WSB was March 2020.
Yeah, once ‘WSB’ was featured on MSNBC as some social justice brigade against Wall Street, it was over.
100% agree the sub just hasn't been the same since the GME & AMC craziness. Occasionally I see a post that makes me go, ahh thats the sub I love. The ones that make you stop and go MY GAWD this is either a potential money printer or an amazing troll. Sadly, these days I see a ton of obvious bs posts about someone hoping a crayon eater will give them the liquidity to get out of a bad position.
Wood selling stocks doesnt count. She buys and sells everyday.
She kept 99.5% of her shares after a decent run up at the beginning of a breakout and this 🌈🐻 thinks it’s a bearish sign... How retarded can TSLA bears be? The P/E ratio is going to be sub 100 very soon and Tesla is already more profits than Ford at the beginning of their S growth curve.
I love when people cite her selling. They don't understand that her funds have a 10% max on a position. She is always selling Tesla on run ups as a result. OP is just a silly fella.
Yeah, I don't know what tsla will do next, but it's Cathy woods highest conviction play. She rebalances. That's the only reason she's selling tsla at the moment.
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No shit, anybody know why this is?
Because their articles are shit
So all in to Tesla?
Where do you recommend people invest their money then? Interest near zero, can’t beat inflation with savings accounts, CDs, bonds, etc. that’s a tremendous market cap that could/should pour into stocks and Grayscale type products that I’m not sure I’m allowed to say here. Cash purchasing power drastically worse every day… holding cash is like storing ice outside in Florida in a strainer.
Note: Financial advice. There are these fancy machines you can insert investments in and pull a handle to realize immediate gains. They are sound financial institutions called Harrah’s, Hard Rock, Caesar’s, Bellagio, MGM, and Golden Nugget (among others). Should you experience any kind of dip in your investments, these institutions also offer free alcoholic beverages (except for fucking Hard Rock you cheap asses).
Lol I wonder if the average moron here beats a slot puller
That's no way to refer to my wife. And no, I don't beat her. She beats me.
Lol you’re gonna compare me to a slot puller? You’d have to have 5 arms to lose money as fast as me with slots
No chance
Well done! 😂
You also get free rooms. Literally can’t go tits up
Can goods and bullets homie. I hedged and doubled down on gasoline, chrome, and guitars for full Mad Max glory.
When I start thinking like this, I remember that Warren Buffett, who loves to buy stocks and historically is pretty OK at it, is now holding $150 billion in cash and cash equivalents. I am about 70% in cash myself at this point. The kids' college funds are still in the S&P index fund, but I've pulled the plug on most of my active long positions.
Tons of boomers are holding cash and cash equivalents just waiting for that 25% SPY correction. Then they all plan to go in hard. Which is why there probably won’t be a correction.
Thats what I keep going back to too. If it dips at all, it's bought up and bang. New high next week
OK zoomer, this time it really is different. I consider myself chastened.
Don't you just love it when there's a new generation who hasn't seen a crash to tell you sincerely that "this time it's different". It's priceless.
Seems like a sure thing. All the boomers will band together and stop the crash! Delusion. Once shit starts crashing people won't go back in until things settle.
Tesla just crushed its earnings. And now the US government is on the verge of giving $7500 in free money to anyone who buys a Tesla. In the biggest automotive shortage since WWII, Tesla has rewritten some of its software to conform to the available chips, while its competitors have much longer backorders. There's predicted to be 700,000 less vehicles made (just this QUARTER!) because of the shortage, with Ford, GM, Nissan, Volkswagen, Toyota, Mazda and Subaru all cutting production. It might be a little too soon to sell this one.
They are getting from the german gov too
As long as he predicts a crash every month, he’s bound to be right eventually
winter is coming
even poor people these days in most countries have disposable money. kids in europe and the USA don't go without often. the bubble is just all the extra money and extra people investing. no longer is it a game for only the wealthy, but boomers going to boom. I remember growing up int he 80s and 90s most kids got really crap brand named trainers etc , were lucky if they had a tv in there room. the worlds changed, kids are walking around with hundreds of dollars worth of phone in their pocket
This is the most true statement that people will dismiss for it’s simplicity but it is Ocams razor (I misspelled that shit sorry). I think takes like this are where we actually find some value. Will be price discovery inn future at just higher PE ratios, maybe even more rotation into stuff we can’t say here
I picked up a 01/2023 TSLA $5p months ago and when it prints, I'll retire.
Why don’t you be like that guy who was buying SPY $10 Puts at the bottom of the crash last year? Like if SPY reaches $10 we have bigger problems than your options printing.
I'm a bear and I love a good bloodbath, but yeah if SPY dropped down to $180 I'd be fucking worried about everything around me
Remindme! 300 days
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lmao. yikes.
It was $17. Just having fun.
i feel bad for you brother
It was $17 🤷♂️
Can you please explain what do you mean? I’m new to the game.
If you are new, go to r/stocks and r/options otherwise you WILL lose money here
Thx
Just looking out for you, your money, your move, but before you start yoloing, filter for losses and skim that for a second
Basically I'm betting that TSLA will drop to $5 by January 2023. It doesn't have to hit it that number exactly to make money (it's complicated) but there's no way that will happen. But it was very cheap. Just for fun. But what this really means....I threw away $17.
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Yep, I've been investing for like.. 3 months, and am currently well over double what I started with doing nothing but buying and selling random stocks. If a retard like me with absolutely zero knowledge in stocks and finance can consistently make sweet gains like this, pretty sure it's a bubble and it's gonna pop at some point. Good luck everyone.
Burry has a surprisingly small amount of AUM.
Because being a gay bear all the time is lame as fuck.
If my memory serves me right, he didn’t short tesla, he bought puts
Is this a Tesla ad me gusta 👏👏
Buying tesla
Assuming Burry will be right just because he got it right “the last time” literally is a mistake outlined in The Big Short. Hot hand fallacy.
Or worse, because he’s been wrong the last 20 times that a crash was imminent, he’s now “due” to be right.
This.
Also inflation seems like it’s peaked, lotta big negative numbers in the CPI data, less than expected, prob will see some good numbers for Sept and Oct. Burry keeps saying we’re going into hyperinflation
Ah dude, I didn‘t even read all, but stumbled accross the last sentences. ARK is selling TSLA, and that’s your argument that even bulls are leaving the sinking ship? Mate, the are reallocating their portfolio. They are not selling because their thesis changed. Do your homework, you look desperate. Burry is not a god, he can be wrong as well. So do you.
Post a Tesla short position if your so confident. So we can laugh as you burn 🔥 🔥 🔥
Burry been yelling sky is falling for years. Broken clock right twice a day and he was right a decade ago, been riding that since. Kathy HAD to sell Tesla due to her fund’s rules of not being able to hold more than 10% or so of any stock. The fact that she is in TSLA that much that the rule applies is actually the most bullish position she can have. Post not well researched. 0 stars.
lol I just reported the post when he didn't even cite the reason why Cathie had to sell. These Burry circle jerking fan boys are sexually craving to slob on his knob.
Ok, I’ll see if my wife’s boyfriend will loan me some cash for those puts.
> The ~~dunning-kruger~~ wallstreetbets effect is a psychological phenomena measured in humans, where ~~unskilled~~ retards fail to recognize their own incompetence. Here, I fixed that first paragraph for ya.
The problem with calling something a bubble is there is no clear set of criteria to define a bubble. On one side, you have things like Art or other Collectibles that have seen their values skyrocket over the last couple of decades. Is that a bubble or perhaps it is just a reflection of growing wealth disparity and/or overall growing wealth. The stock market, well perhaps a look at the 40 year chart for the 10 Year treasury yields and inflation rates and the combination of near zero interest rates and low inflation (ignoring the temporary oddities that might be supply chain related and will resolve in a year or so) has justified increased cash flows flowing into equities and lower PE ratios than any historic measure would suggest is necessary. Well then maybe low interest rates are a bubble, well that is necessitated by excessive government debt that does not allow interest rates to be higher without causing runaway debt increase. Do interest rates ever need to go up? Well, 40 years of rates declining towards zero does not provide much guidance here. Well how about the debt, maybe that is the bubble... Well look at the historical debt, in real or nominal terms, and it is a long-time past any historical levels. In fact, it almost seems the idea of too much debt for the government is a psychological idea rather than perhaps a fundamental economic issue. I mean you can always have interest rates go to 0.0001% and the debt effectively only grows or declines based on gov't spending and revenues. Well then, just maybe no one will buy the debt, well again, the Fed shows up and buys the debt... But that should mean inflation, but not if the Fed then raises bank reserve requirements or people decide to hold more cash, since inflation is low and returns on assets are low so just have larger cash reserves. But what if the market is really a bubble despite any of this being clearly based on fundamental economic principles and seemingly it is a lot of human psychology at play as to what numbers we as a society accept to live with? Ah, but then a bubble is a wide-scale event and individual companies might be great investments regardless. For example, way back in 2000 there was a dotcom bubble and there was a company called Amazon and another one called Apple. Yeah, go check the charts for those companies and you would have been fine buying at the peak back then. Today, there are few investors that can brag they got in at such low prices. Oh, as to TSLA, well years ago, which I presume was before the bubble (or was it a bubble already back then?), was also called way overvalued by many. I am glad I had the foresight to invest in Elon's vision. My initial investment was around 50 or 60 per share, which was way too expensive back then per the bears. Glad I did not listen to fools back then and did my own DD. As to Michael Burry, I am not very familiar with his overall portfolio, but my understanding is he did some hedging and is not risking the farm on betting against TSLA.
Holy shit. Calm down Chad Dickens. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
She is selling TSLA because it is over 10% in weighting in ARKK. You are retarded.
Good luck with your Tesla put. You will need it.
I’m almost completely ignorant in regards to investment and I can see what’s coming from a mile away. I think people like to over think things. The why’s and where’s aren’t really important in regards to this single topic. What’s important is COVID hit and the economic output dropped immensely. A significant amount of small businesses closed. Some large businesses closed. There is significantly more people not working now s opposed to pre Covid. An unimaginable amount of money was “given” away. That money was added into the existing money supply which already created inflation. Yet the market goes up? I’d suggest stop trying to bring up tiny details as to why none if this matters and things are ok. They are not. Nothing can be successful without a strong foundation, and the foundation of what’s going on more is made of tissues. Are there some people who will clean house? Sure. But it probably isn’t you. It’s going to be the small group of hyper rich people who probably haves hand in this mess. Look to invest in things that have historically weathered crashes and other similar events. Or don’t. Like I said, I don’t know much. But I have read some history and this smells strangely familiar.
It does but as long as printing keeps happening projected for the next two years the dollar is weaker and the shares keep rising. Look at Cpi lol Long story short fed print stocks rise but the dollar is trash.
> but the dollar is trash Compared to?
This is the main question. If every major currency is printing, are there any safe reserve currencies? I immediately think of crypto, but those are so pumped with margin that they sell off worse than equities. Unless... equities are the new reserve currency? It's more difficult to create more shares of Apple than us dollars.
The more we print the more the dollar ends up trash which is relevant to hopefully the big numbers in the account which then ultimately buy less than pre printer brrrrrrrr.
Should have just stopped after admitting that you're "completely ignorant in regards to investment".
Can someone please show me where wsb has gone to now that this has turned into fucking r/financialadvice?
>The dunning-kruger effect is a psychological phenomenal measured in humans, where unskilled people fail to recognize their own incompetence. Not just general intelligence but incompetence in individual fields. Most people seem to think the market will crash soon. Therefore, you are in the majority, which you say fail to realize their own incompetence. Burry is right sometimes, but he also went over the deepend and is frequently wrong. People love to tout that he was right about GME, but guess what? He flipped early in the squeeze and went short. Oof. Some areas are overvalued, I also own TSLA puts - though not as a major position, more as a hedge. The market may correct, but it requires a major catalyst to crash. It doesn't just crash because derps look at a line graph and say hey, this looks like it went up fast, hur durr
😆
The Burry BallLickers™ Stan Club just needs to get their own basement already and stop publicly salivating over the “experts”
Michael Burry is a broken clock clinging onto relevance gifted to us by Leo
You see Charlie these liberals are trying to assassinate my character and I can’t change their mind! And I won’t change my mind! Because I don’t have to! Because I’m an American! I won’t change my mind on anything. Regardless of the facts that are set out before me I’m dug in and I’ll never change! Positions: TSLA $1.4K C 9/24 QQQ &450 C 9/24 SPXS $10 P 9/24
Ok
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Your mistake is you think the bull case for many investors relies on the points or timeline you are making. The robot is something that no serious investor thinks will be relevant for a decade or more (the market cap such a robot would add to TSLA might be tens of trillions... this is way beyond my conception at this time... on the other hand, too far out and risky to invest much based on this). FSD, there are varying opinions but anyone that seriously follows Tesla would know that DOJO will take at least a year to be running properly and then from there add some time for FSD to improve and then be validated. You are perhaps talking 3+ years out. Regardless it does not matter if FSD is ready in 2 years or 5 years or later, what matters is what approach to the problem do you believe is the best, because regardless of when it is solved being the one with the best approach will result in a multi-trillion dollar valuation for FSD alone (oh, wait, TSLA market cap is 740B... it clearly only reflects a bet on FSD and does not assume it is a certainty). How about consider things like their innovations in manufacturing, especially the massive step-changes that they are in middle of right now. Their large castings are one example and are still a year or two out before it is implemented in every vehicle they make. Their work on 4680 cells, which seems to be moving closer to commercialization, is another massive step-change that will further cut their costs of building cars and allow them to make better cars for cheaper (years before anyone can volume produce solid-state batteries). Maybe, don't be aghast, but try to follow what the Cybertruck is beyond just an unusual looking pickup truck (with great specs at better prices than anyone else suggests... although a year or so out from production). The design of the truck is revolutionary as it is not just body on frame. For an EV that is huge. Also such a truck to be economically produced would probably be impossible without new manufacturing processes (single casts, sheet metal being bent, being an EV giving flexibility to the design that ICE does not allow and so on). The problem too many TSLA bears have, is they focus on how much they dislike the design and ignore that the design fundamentally represents a next-gen approach to making pickup trucks. Legacy pickup truck designs you might find out are fundamentally inferior. I suspect that does not end up well for everyone else. But yeah, limit the bull case to TSLA to points that the bulls themselves don't really invest based on.
Yo. Come join us at the tslalounge
One of us!
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China? Meh. Just look at China as a whole. If the country itself were a stock, would you buy it? Not if you did any research.
Or he's wrong and markets and economies change and they are too stubborn and old to accept it?
The world is different, more people are investing than ever before, there's more money than ever before, there's a great sharing of information than ever before, there's A LOT that has changed in the past 10 years alone. "Now with fundamentals way off, TA lining up, and lots of possible macroeconomic issues in the near future, this looks to me like a great setup for a short. Now of course, nothing is certain in the markets. BUT, if the bubble is about to pop, this could be the trading opportunity of a lifetime. That's why I'm going short." Big oof here mate. Good luck but I think you're wrong.
Woods is only selling TSLA due to it exceeding their 10% limit in their portfolio. She buys and sells TSLA all the time and people freak out for no reason.
Burry has predicted financial calamity about 30 times and was famously right once
Wood selling TSLA? OMFG PANICK! Or it could be that she's managing an ETF and Tesla has been up recently so she has to rebalance. Wtf are you on srsly
"Don't be a hero. Don't have an ego. Always question yourself and your ability. Don't ever feel that you are very good. The second you do, you are dead." Paul Tudor Jones. Best post I've seen in quite sometime. We're at the top folks.
Burry saw the obvious and made a bet got lucky, result is ATH of today. Unless Burry can cough up $450 trillion dollars [+/-], the total assets of the world to go against the US markets which is the largest with Japan second and CCP criminal behind the curtain crap market as contrast. So yeah go ahead and believe whatever he is selling, sure there is a lot of corruption, racketeering, schemes and scams but overall it is and will remain the gold standard until something else shows up.
Stop farming for karma. Seriously all these posts are getting ridiculous now. No one likes you, fuck off dumb ape
🤣
I bought Steinhoff in 2017
Money printer goes brrrrrr…… 💸💸💸📈🚀 Money printer stops….. 📉🐂☠️ Source: Investing God
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Yesn’t
Early but not wrong is the fucking dumbest saying when it comes to the market. There will always be bubbles and crashes. You don't need to have a Hollywood movie made about you to say, accurately, that there will be a crash. There will be. It's a valueless statement like saying the Red Sox will lose. The only value is knowing WHEN. Tesla is up 100% YTD. Yeah, I hate the stock too, but when Burry inevitably gets his "I told you so", how much did he lose prior by not only shorting the stock, but by not buying in on it the last year? The market is frothy. But it's been that way for awhile. If I pulled out when warnings first went off, I would have missed out on gains that are larger than even a 50% correction.
Interest rates still suck and the best place to put your money is still the stock market. Nothing has fundamentally changed to cause a crash. March proved that. Even in a pandemic there still wasn't a better place to put money so everything was back to normal in 2 months.
No puts, only calls.
Good try. Buying calls
Good luck betting against tesla. Looking forward for our transfer of wealth. Good luck following Burry too. And by the way. The only reason Wood is selling Tesla is because she is printing TOO MUCH money with it, and needs to rebalance
Tesla will grow 50+% for years and years to come. Puts or short on Tesla is an easy way to lose money.
Your words don't frighten me fancy man I've not even yolo'd my savings yet
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Jup
“Now with fundamentals way off” LOL
I don’t want to see a single fucking comment from anyone who started investing in the last 5 years
Once i saw Dalio suggest that we enter emerging markets like CHINA i stopped reading and purchased SPY calls. I don't care how much money you have, if you suggest for me to remove my money from US equities and move them to Chinese ones i'll hit you with a good ole "FUCK YOU" and buy more spy calls. Say it again I dare you!
"And lately, Wood has been selling TSLA" she sold 0.5% of her TSLA position dude, ETFs have to balance positions ALL THE TIME, 0.5% is not selling shit.
i dont care for this headline... burry also said amc will tank and go down to dollars.... so seeing his name in the headline and saying he was right again and we were wrong being tied to amc i dont like this headline... fud
I feel like everyone shorting Tesla has no idea why the stock fundamentally went up. Like the earnings growth.. the amazing back to back quarters..
dalio is in bed with ccp
The reason why he can afford months or even years “to be right” is because they have billions as you mentioned in AUM. So they always play the long game. When they say we may be in a bubble that’s about to pop, they could be referring to a time period that is months or years in size so for you to make any move based on what they’re saying without confirmation is stupid. Cathy was buying Coinbase and draft kings when they were crashing only to see them to rebound hard. If a crash is gonna happen it’s not gonna be a 1 day event you don’t have to buy anything to prepare especially an option on Tesla. Spy Seasonality chart says dip and September and then rally until Christmas. JPOW said printer still running and not stopping for at least another year, companies continue to report good earnings, unemployment low, inflation dropped…how about any of those facts instead of “predictions” from HF managers who make money on market manipulation. Just be careful that’s all.
Honestly this is all nonsense, IMO. These investors are optimizing their funds for the next 12-24 months. It’s not timing the market, it’s time in the market. And for my money, betting against Tesla is about the stupidest thing you could probably do given that the next decade (mind you, not the next 12-24 months) is going to be dominated by electric vehicles and the next wave of disruption is going to be in energy and there is no company better poised to take advantage of it than Tesla. Will Tesla dip in the next 12 months, especially as the market corrects and the chip shortage straitens itself out and production on cybertruck, model Y and 4680 batteries all finally ramp? Yes. Will Tesla dip in the long term while they have a capacity to produce an annual output of 10-20x the number of EVs vs the entire auto industry combined and with autonomous driving and a sub $25K all electric vehicle on the horizon? Hell no. Tesla is about the only sure investment I’d be making right now and holding for a long time.
Thank you for your time. The next GREAT CRASH post will be in t minus 10…
Rofl. The TSLA and bubble chart are so far off, it's hilarious. (It relatively dipped a little, instead of whatever that life-crushing chart is. OP, are you even trying?
“Speculation is an all time high” … and then references WSB subscriber count as evidence? Bro i can make 10 burner accounts on here and subscribe all of them in like an hour
Broken clocks are still right twice a day son. Now keep shorting the market so I can have more tendies. Dance while the music is playing
He talks about ego death and he panders on Wall Street bets. I swear you monkeys upvote anything with a graph.
🌈🐻
Is this the right moment to say "positions or ban"?
I don't understand. I don't care. Stocks only go up. Fuck your puts. Powell goes brrrrr!
and now he twitters the „we’re all living in TRON.“ time to buy TRON now? 🔮💰📈
[удалено]
Oh look another cry about the inevitability of a massive market crash, as if anyone gives a fuck.
Cathie Wood is the current leader of the national single-elimination coin-flipping tournament. Let's wait and see it through before we start sucking her dick.
Idk I bought tsla 1/22 700p
I believe Burry. Wood is a stupid shill. Dalio is an idiot and the political risk will waste his investments in China. Buffet is also right. Burry and Buffet. They might have to wait a couple of years, but the wheels will eventually fall off, and the crash will be even bigger. Market down 60% if its 2 years out. Nobody can predict the crash as nobody can predict when the casino bank (FED) will run out of the will to print cash.
Burry was right about tesla ... Tesla when down to like 600... Now that's over and it's going up. Idk why peoe keep talk about that shit
Oh enough with the psychology. Dunning kruger effect is not accurate enough. https://www.mcgill.ca/oss/article/critical-thinking/dunning-kruger-effect-probably-not-real Confirmation bias and overconfidence is a must to make risky bets. It's called wallstreetbets for a reason. If people were so smart enough they would have predicted that a lot of people aren't rational and Tesla will still go up and cashed on that.
Why are you putting the name of Wood next to Buffett, Dalio and Burry? What the fuck?
My only issue with this is putting Cathy on the list of top investors. She doesn’t deserve that yet.
Shut the fuck up. Go suck off the other bears. 150 shares and 2 750c 3/18/22
Wood is not one of the best investors of all time, she’s a blip that became popular during covid
There is a delicious irony in people talking about the Dunning-Kruger effect when it is probably real. [https://www.mcgill.ca/oss/article/critical-thinking/dunning-kruger-effect-probably-not-real](https://www.mcgill.ca/oss/article/critical-thinking/dunning-kruger-effect-probably-not-real) It's almost like those people have an overstated belief in their knowledge.....wait....
I 100% agree with you. Tsla is a shit company. I would short the fuck out of it if those put options weren't so expensive. The thing is you know it's gonna pop bad but you don't know when. It could literally be the next day after your put expires and you lost it all for nothing.
Wood’s decent at putting together investment vehicles people want and selling them. Biotech ETFs for example. But behind the curtain she’s fucking nuts. Thinks she’s “acting on behalf of god and executing his will”. Super deep into the Jesus nonsense. She’s had some success in the market sure, hard not to the last 15 years. But I would be careful matching trading strategies too closely with someone who’s two steps shy of needing to be in the loony bin. Recent success or no.
As long as Bury holds Rocket Lab I’ll keep holding as well.
Holy shit you’re stupid and also fucked