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The rich got richer during the pandemic!
- Thread starter aqtrader
- Start date
Yeah, not every rich got richer. Some have gone through major losses too.
Like ... who?Yeah, not every rich got richer. Some have gone through major losses too.
Exactly!The rich will get richer no matter what happens, even during a nuclear meltdown because their business is so diversified that it expands in every single segment, every sector of the economy. Whenever something happens, of course, they will get richer no matter what.
Their diversified portfolios are making them richer no matter how the economy is moving.
Like ... who?
like this Melvin guy who just got burned for shorting GME. He will bounce back of course but right now he's got some losses. Apparently he was shorting the stock when it was just $4 thinking he could drive it to bankruptcy and he got out at $90. Dunno how many shares he actually shorted.
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He's a hedgie so how much was he short his money and how much was OPM money as well as where he entered, where he exited is the question and I'm sure he had other positions during pandemic. Until anything becomes public, if it does at all at some point, who really knows if he personally lost ... during the pandemic.like this Melvin guy who just got burned for shorting GME. He will bounce back of course but right now he's got some losses. Apparently he was shorting the stock when it was just $4 thinking he could drive it to bankruptcy and he got out at $90. Dunno how many shares he actually shorted.
He's a hedgie so how much was he short his money and how much was OPM money as well as where he entered, where he exited is the question and I'm sure he had other positions during pandemic. Until anything becomes public, if it does at all at some point, who really knows if he personally lost ... during the pandemic.
likely a lot of his money is in his fund.... after all, i'm sure he believes in himself and he was generating 30% returns/year. There's no reason for him or his investors to think his idea generation process is broken because of GME.
One of my friends lost his job, business firms were unable to meet their financial needs.Like ... who?
Well that has happened with a lot of people, the situations were worse for many of them.One of my friends lost his job, business firms were unable to meet their financial needs.