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[Copypasta]Bloomberg terminal vs toilet trading
Imagine spending 20K on a bloomberg terminal and thousands on hardware just to get smoke checked by some retards on the toilet trading on their phone that are not only on the spectrum but might be the actual spectrum.
Imagine spending 20K on a bloomberg terminal and thousands on hardware just to get smoke checked by some retards on the toilet trading on their phone that are not only on the spectrum but might be the actual spectrum.
Cathie Wood owns 100% of palantir and 110% of Tesla
December 2021. Cathie Wood owns 100% of palantir and 110% of Tesla (Elon Musk invented a more efficient form of security). ARK ETFs are trading at minimum $1,000 a share and investors are signing 10-year pledges just for the privilege. I log on to my Tesla taxi app and order a car. A vintage Roadster pulls up with EDM playing at a tasteful volume.
"Where to, King?" asks the anime girl on the console. "You know where", I reply. Palantir knows.
We both laugh and the car takes off to Wendys.
December 2021. Cathie Wood owns 100% of palantir and 110% of Tesla (Elon Musk invented a more efficient form of security). ARK ETFs are trading at minimum $1,000 a share and investors are signing 10-year pledges just for the privilege. I log on to my Tesla taxi app and order a car. A vintage Roadster pulls up with EDM playing at a tasteful volume.
"Where to, King?" asks the anime girl on the console. "You know where", I reply. Palantir knows.
We both laugh and the car takes off to Wendys.
Short story-time for amusement reasons only:
some days ago, I went to my bank (Austria). I am the owner of quite a number of GME shares and my broker app is actually just the bank-intern bond trading app, where I need to pay transactional feed everytime I buy (what is sell?) GME shares. I informed myself about the reasoning of those transactional fees beforehand and found out that by paying them, I have the right of consultation by my bank about the shares theyβre trading/Iβm buying.
So, I went to the main national building of my bank, they were really friendly at the beginning, enthustiatically, I mentioned GME to them and that I wish for professional consultation about the financial details involved with that stock (I am not a financial guy, actually, I donβt exactly know whatβs going on, itβs all pretty crazy to me).
Suddenly, their posture and mimick changed pretty suddenly. I was told, they are not allowed to consult about GME. To my question, why this was the case, they told me, because GME is βtoo irrelevant for the big stock marketβ. They are βaware of the past short squeeze, but one should no longer focus on GMEβ. They acted as if GME was some βchildish financial playgroundβ that should be forgotten about. When I confronted them with the huge recent naked short attacks and if they could explain to me possible effects of them if they were not covered, they just repeated themselves how βGME is not relevant, please focus on stocks like Apple or Amazon to be safeβ.
I left the bank, buying more GME shares.
Short story-time for amusement reasons only:
some days ago, I went to my bank (Austria). I am the owner of quite a number of GME shares and my broker app is actually just the bank-intern bond trading app, where I need to pay transactional feed everytime I buy (what is sell?) GME shares. I informed myself about the reasoning of those transactional fees beforehand and found out that by paying them, I have the right of consultation by my bank about the shares theyβre trading/Iβm buying.
So, I went to the main national building of my bank, they were really friendly at the beginning, enthustiatically, I mentioned GME to them and that I wish for professional consultation about the financial details involved with that stock (I am not a financial guy, actually, I donβt exactly know whatβs going on, itβs all pretty crazy to me).
Suddenly, their posture and mimick changed pretty suddenly. I was told, they are not allowed to consult about GME. To my question, why this was the case, they told me, because GME is βtoo irrelevant for the big stock marketβ. They are βaware of the past short squeeze, but one should no longer focus on GMEβ. They acted as if GME was some βchildish financial playgroundβ that should be forgotten about. When I confronted them with the huge recent naked short attacks and if they could explain to me possible effects of them if they were not covered, they just repeated themselves how βGME is not relevant, please focus on stocks like Apple or Amazon to be safeβ.
I left the bank, buying more GME shares.
The real power of compounding
Remember, if you lose 10% a day over several days youβre actually losing less money as time passes. This is what people mean when they talk about the power of compounding
Remember, if you lose 10% a day over several days youβre actually losing less money as time passes. This is what people mean when they talk about the power of compounding
Don't use the "F word" on the trade floor
Just heard an employee use the βF wordβ on the trade floor, and immediately fired them. Maybe other funds will tolerate that kind of language, but donβt you dare talk about Fundamentals here.
Just heard an employee use the βF wordβ on the trade floor, and immediately fired them. Maybe other funds will tolerate that kind of language, but donβt you dare talk about Fundamentals here.