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Not to mention Argentina & Zambia

Hedge Fund Manager Hit in GameStop Frenzy is Developing $44M Miami Mega-Mansion (Fox Business) The hedge fund manager hit hardest by the GameStop trading frenzy is in the middle of a major redevelopment of a $44 million mega-mansion in Miami – despite his company losing $4.5 billion in the...

Citadel Silver Holding Exposes Rifts in WallStreetBets Army (Bloomberg) Ken Griffin’s Citadel has once again found itself at the center of a WallStreetBets drama, this time over the firm’s holdings of silver. The precious metal has become a popular buying target for retail investors keen to...

J&J vaccine How much of a difference will Johnson & Johnson's vaccine make? As Kat Eschner explains in this piece for Fortune, it's less effective than Pfizer/BioNTech and Moderna's vaccines, but a lot easier to roll out: "Many public health officials are pinning their hopes on the one-shot...

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“He who has begun has half done. Dare to be wise; begin!” - Horace

Checks unbalanced? Some see President Biden's plan to disburse $1,400 checks to the U.S. populace as something that might do more harm than good. As Fortune's Geoff Colvin writes: "The problem is that more buying power—the purpose of stimulus checks—isn’t what the U.S. economy needs…Only $70...

Greylock bankruptcy The emerging-markets-focused hedge fund Greylock Capital Associates has gone Chapter 11, following three years of losses. It reckons it can still reorganize and "continue as a going concern." Bloomberg

Gabe Plotkin Quits Melvin Capital To Become Full Time Dogecoin Trader By Eloise Williams - January 31, 2021 In an effort to appease the WallStreetBets crowd, Gabe Plotkin of Melvin Capital Management was reported to quit his hedge fund and focus his time fully on day trading Dogecoin...

"Perseverance is not a long race; it is many short races one after the other." —Walter Elliot

“They are able because they think they are able.” - Virgil

The teenage day-trader who lit the markets on fire: Today's highly-recommended profile is by Michael Lewis from 2001, and it's a great reminder that history repeats itself. Long before WallStreetBets existed, there was teenage day-trader Jonathan Lebed. In 2000, he was prosecuted by the SEC for...

“Everything we hear is an opinion, not a fact. Everything we see is a perspective, not the truth.” - Marcus Aurelius

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“I think right now in the world we’re feeling like there’s no solid ground beneath our feet, you know?” - Kelly Lynch

Nasdaq Clearing fined $36 million in Sweden for trader default The fine was ordered by regulator in Sweden after a trader defaulted and Nasdaq Clearing had to tap its own funds to cover the losses. By Annabel Smith Nasdaq Nordics has been fined SEK 300 million, or$36 million, after...