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    Keith Gill Drove the GameStop Reddit Mania. He Talked to the Journal.

    Keith Gill Drove the GameStop Reddit Mania. He Talked to the Journal. Trader known as DeepF—ingValue on the WallStreetBets forum helped turn the investing world upside down. “I didn’t expect this.” Keith Gill in his Boston suburb basement, where he streams his YouTube videos. By and |...
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    In Search of God!

    "The greatest enemy of knowledge is not ignorance, it is the illusion of knowledge." — Stephen Hawking
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    Buried in Reddit, the Seeds of Melvin Capital’s Crisis

    https://nypost.com/2021/01/29/meet-the-redditor-who-led-the-gamestop-stock-market-frenzy/
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    Buried in Reddit, the Seeds of Melvin Capital’s Crisis

    Dan Sundheim’s $20 Billion D1 Capital Loses About 20% This Month(Bloomberg) Dan Sundheim’s D1 Capital Partners, one of last year’s top-performing hedge funds, lost about 20% this month through Wednesday, making it one of the biggest victims yet to emerge as retail investors target hedge funds’...
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    In Search of God!

    “Where there is no struggle, there is no strength.” - Oprah Winfrey
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    Buried in Reddit, the Seeds of Melvin Capital’s Crisis

    https://nypost.com/2021/01/28/mets-owner-steve-cohens-point72-down-amid-gamestop-fallout/ Cohen appeared to lash out publicly at his antagonists as the short squeeze tightened its grip. “Rough crowd on Twitter tonight,” he tweeted Tuesday evening. “Hey stock jockeys keep bringing it.”
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    The Best Trading Proverbs

    A trend is a trend is a trend But the question is, will it bend? Will it alter its course Through some unforeseen force And come to a premature end...? - Sir Alex Caincross, Chief Economic Adviser to the British Government in the 1960s
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    Buried in Reddit, the Seeds of Melvin Capital’s Crisis

    Evotec Ahares Rise Amid Speculation Melvin Capital Closing Short Positions (Reuters) MILAN (Reuters) – Evotec rose sharply on Tuesday amid market speculation that Melvin Capital Management was unwinding its positions in the German drugmaker after some of its investments turned sour. Evotec’s...
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    Investors Redeemed $58bn from Hedge Funds in 2020 (Opalesque)

    Investors Redeemed $58bn from Hedge Funds in 2020 (Opalesque) Investors removed an estimated $9.74 billion from hedge funds in the final month of 2020, said eVestment. YTD redemptions are estimated to be $58.76 billion. The total estimated industry AUM sits at $3.360 trillion. Since 2008, only...
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    In Search of God!

    "Heard melodies are sweet, but those unheard are sweeter." - John Keats
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    In Search of God!

    “The music is not in the notes, but in the silence between.” - Wolfgang Amadeus Mozart
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    In Search of God!

    “Service to others is the rent you pay for your room here on earth.” - Muhammad Ali
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    YouTube

    YouTube CEO Susan Wojcicki said the company paid $30B+ to creators over the last 3 years, and the YouTube ecosystem contributed ~$16B to the US GDP in 2019.
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    New Adventures for Hedge Fund Rogue in $200 Million Swiss Fraud Trial

    New Adventures for Hedge Fund Rogue in $200 Million Swiss Fraud Trial (Bloomberg) A German hedge-fund manager who fended off U.S. extradition over an alleged $200-million fraud is finding legal troubles closer to home. Florian Homm’s trial on charges of fraud, criminal mismanagement, money...
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    mcd

    Minimum wage Fran Marion, a McDonald's worker in Kansas City and a single mother with two teenagers, writes for Fortune about the need for a $15 minimum wage: "I get up every day and go to work for McDonald’s, one of the richest corporations on Earth, but my kids and I have had to deal with...
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    Fossil downgrades

    Fossil downgrades S&P has warned the likes of Shell, Chevron, Exxon Mobil and Total that they face imminent downgrades because of the challenge posed to their businesses by renewables. The rating agency has increased its risk rating for the whole oil and gas sector from "intermediate" to...
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    Wag

    Roz Brewer Rosalind Brewer will become CEO of Walgreens Boots Alliance, making her the only Black woman to currently run a Fortune 500 company, and only the third in history to do so. Brewer will take the reins at a crucial moment for the company, namely the U.S.'s historic COVID-19 vaccine...
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    In Search of God!

    “Hold a picture of yourself and steadily enough in your mind’s eye, and you will be drawn toward it.” ~ Napoleon Hill
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