GameStop short squeeze

And then people are going to come and lecture us that markets are efficient…

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In 20 minutes it went up further. Finally the short squeeze is coming for MPW bears?

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But the markets are efficient!
Look at all those math equations they wrote down for this!!* And they’re not even mathematicians!
And hey, a Nobel prize was awarded for the social studies on this topic.

Ok, ok, I’ll see myself out.


* Ok, it’s stochastics 101, but still, they use many symbols … and probabilities!**

** Based on … ah, well, … yeah, sparse historic market price data from back in the days. Still …

And Paul Samuelson, one of the Nobel-winning fathers of the EMH and fervent proselytizer of the theory (with Eugene Fama), even got veeeeery rich from his investments!

Except his wealth came from his investment in … Berkshire Hathaway, which he bought in the early 70s at a price as low as $44/share…

So much for his theory, it looks like in private the guy was pretty much convinced that you can discern investing talent in advance and thus beat the market :slight_smile:

Yet another “do-as-i-say-not-as-i-do”

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This tweet caused GME short sellers to lose $1bn in minutes:

Crazy. Those who noticed DFV was active on X and bet on him tweeting and sending GME upwards (like this guy) were handsomely rewarded!

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Sold mine yesterday, moved on, don’t care anymore about GME :joy:

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