RE:Interesting take on current stock market!Interesting in a fox telling the coyotes how he'd like to see the hen-house locked up, sort of way. He completely skirted the fact Gamestop was massively shorted and that's what caused the alpha squeeze, not the folks that piled on to take advantage of it.
A dirty way to make money, says the vice chairman of Berkshire Hathaway. A conglomerate that represents everything that's wrong with the markets today. "I have a very simple idea on the subject. I think you should try and make your money in this world by selling other people things that are good for them". ROTFLMAO Berkshire Hathaway... with a market cap of 583.63 billion and trading at 375,000 US dollars a share. Try and short 140% of that company - I dare ya.
There's something wrong in the system today, but the plebs taking a shot at making a bit of money isn't it. Once we went to electronic trading the system became prone to games. Look at this little stock for example. (Nice pop by the way) Between Feb 1 and Feb 16, 8944 short trades and 46,218,406 shares traded short. That's how the game is played today. See a stock making a move and there's always a pile of shares available to be borrowed at the brokerages... just borrow a bunch of shares and sprinkle them on the fire.
Easy peasy. Everyone is waiting for 10 bagger and those shares were just sitting there for the taking - anyways. I’ll never understand why people don’t tie up their shares on the ask, but such is life and the money changers love it. I guess we all just trust our brokers... :-)
It's not about finding the fair market value anymore and that's why Berkshire Hathaway's exist to be the decider on which companies live and which companies die.
Anyways, I just signed up to laugh out loud at that article. Trust me the vice chairman of Berkshire Hathaway doesn’t give a damn about you. Lol lol lol... If he did, he wouldn't be feeding you Kraft dinner and Dairy Queen.
:-)