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“Don’t call the world dirty because you forgot to clean your glasses.” - Aaron Hill

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“I have two basic rules about winning in trading as well as in life: 1. If you don’t bet you can’t win. 2. If you lose all your chips you can’t bet.” – Larry Hite

Giant mutual funds that own the largest stakes in GameStop saw the biggest gains in value. Hedge funds — some that have started using algorithms to track retail investors on social media sites — appear to have bought and sold millions of shares during the stock’s most volatile period of trading...

All grown up:Some of Amazon’s most successful3rd-partysellers have been able to go public. Anker (electronics) is valued at $10B while Mohawk Group (home-products seller) is valued at $870m+.

China shuts down the club:Thousands of Clubhouse users in Chinalostaccess to the app early Monday evening, which was not unexpected given China’s strict digital enforcement.

Renaissance Clients Exit After Firm’s Anemic Run of Results (Bloomberg) For years, Renaissance Technologies was among the most exalted names in high finance, as close to a sure-thing as Wall Street had. But recent months have battered its reputation, and investors are now streaming to the exits...

Chinese vaccine The COVID-19 vaccine from China's Cansino is 90.1% effective at preventing severe illness and 65.7% effective at preventing symptomatic cases, according to Pakistan's health minister. The good news: it's another single-shot vaccine, like J&J's, which makes it easier than most to...

Reddit valuation Reddit's valuation doubled to $6 billion in a new funding round that came as the online-community platform garnered attention from its role in the WallStreetBets/Gamestop frenzy. CEO Steve Huffman: "Valuations are very high right now. It never hurts to raise money when there’s...

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"You can fool all the people some of the time and some of the people all the time, but you cannot fool all the people all the time.” - Abraham Lincoln

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Hedge Funds Always Win And as GameStop shows, individual investors competing against well-capitalized professional investors (almost) always lose. Christopher Schelling February 05, 2021 Illustration by II Over the last week, financial media has exhaustively covered GameStop’s wild ride...

“Every strike brings me closer to the next home run.” - Babe Ruth

"So Shines A Good Deed In A Weary World." - Willy Wonka

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“Dumb jewels often in their silent kind/ More than quick words do move a woman’s mind.” - Shakespeare

https://nypost.com/2021/02/05/reddit-traders-may-not-have-been-the-only-ones-boosting-gamestop/

https://nypost.com/2021/02/05/reddit-traders-may-not-have-been-the-only-ones-boosting-gamestop/

The investment firm profiting off surveillance states:Francisco Partners, a San Francisco-based private equity firm, invests in tech that governments use for both mundane and controversial purposes. The firm's portfolio includes companies like Sandvine and NSO Group, which have both pursued...