And while Scott kept saying Chamath avoided his question, Scott repeatedly

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Jan 27, 2021
8:24:23pm

benny1982 Your Mom

And while Scott kept saying Chamath avoided his question, Scott repeatedly

ignored Chamath's point about the underlying cause for this being the impossible (i.e., >100%) short positions these hedge funds take. Instead, Scott just kept coming back to the fact that these stock prices aren't based on fundamentals. No kidding, dipwad. They're a market reaction by retail investors to the unethical actions of hedge funds.

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benny1982

Bio page: benny1982
Joined: Oct 18, 2003
Last login: May 2, 2024
Total posts: 61,941 (26,031 FO)

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Messages

Author

Time

Former FB exec interview on CNBC. This is worth your time.

RexIdaCoug

1/27/21 7:24pm

This guy is very smart. Good move politically too, he apparently is going to run

HingleMcCringleberry

1/27/21 7:28pm

He would have my vote for Gov of CA! But Newsome ran me out already.

jholling

1/27/21 7:53pm

Scott Wapner: "I don't want to sound disparaging." Proceeds to disparage.

benny1982

1/27/21 7:34pm

seems like the interviewer is on his heels and isn't sure how to toe the party

BYUFBDAD

1/27/21 7:44pm

Yep. It's clear that the host is trying to carry hedge fund's water.

IrishBlue

1/27/21 7:47pm

I like how the interviewer said “I’m happy these retail investors are making money.” Chamath said “let’s be honest - no

1/27/21 7:55pm

Yeah, I loved that part. He called Scott on his lies a few times.

Fargo

1/27/21 10:32pm

And it's a joke tha his whole argument is that little guys are going to get hurt

IrishBlue

1/27/21 7:52pm

agreed, he wants a warning that someone may lose their money. But hedge funds

BYUFBDAD

1/27/21 7:54pm

When Scott was saying that I kept thinking, are you kidding me? People buying

Fargo

1/27/21 10:35pm

I think the host has a point. When this hits a wall and goes the other way

novacoug1

1/27/21 7:55pm

Good interview. The CNBC guy is incredibly annoying.

barnacle

1/27/21 7:56pm

Well he makes some good points that Chamath mostly avoids answering.

YSMACK

1/27/21 8:19pm

Scott kept asking Chamath to address how the GME fundamentals don’t match the

Fargo

1/27/21 10:39pm

That Chamath is one smart dude. No idea what he’s talking about half the time

jordbyu

1/27/21 8:02pm

“Retail investors are gonna get hurt”

Pimpin4Paradise

1/27/21 8:11pm

Front running is the prime example of retails getting screwed.

RexIdaCoug

1/27/21 8:15pm

Front running, pump and dump, forcing a stock down to a widely held stop loss level and then rapidly buying shares.

Pimpin4Paradise

1/27/21 8:19pm

That was the one point I wished Chamath would have made, but didn't, because

benny1982

1/27/21 8:19pm

And while Scott kept saying Chamath avoided his question, Scott repeatedly

benny1982

1/27/21 8:24pm

They both were avoiding questions and issues. Chamath is more likeable mostly

YSMACK

1/27/21 8:31pm

Sure, but Chamath even agreed that they're using the same tactics. His primary

benny1982

1/27/21 8:34pm

There is absolutely nothing wrong with retailers checking big investments,

RSL

1/27/21 9:23pm

Agreed.

YSMACK

1/27/21 9:29pm

Which is also part of Chamath’s point. The ones doing it this time are being very transparent. So if you get screwed-

kalifi

1/28/21 12:38am

How often do these hedge funds manipulate a price not based on fundamentals?

RSL

1/27/21 9:20pm

If INVESTORS only ever invested until a company had the money they were valued at then what is the point in INVESTING?

kalifi

1/28/21 12:44am

Ends with "I love you Scott. Be on the right side of history big boy!" 🤣

Cougar8Duck

1/27/21 8:13pm

“It doesn’t necessarily mean that these investors that were short the stock were wrong” Ummm...what they did was the

Pimpin4Paradise

1/27/21 8:57pm

And if selling short is going to be an option, paying dearly should be a rational consequence.

RSL

1/27/21 9:27pm

Hidden gem in the interview: Scott: "Chamath, aren't you and others like you who tweeted about your positions

DrBYU

1/27/21 9:01pm

Whether $100k or $10 million, how dare he try to make $ off of the stock market

jordbyu

1/27/21 9:46pm

Tim Pool and The Hill have great YouTube segments on this. I love this!!

BYUHgrad

1/27/21 9:20pm

To clarify, Saagar on The Hill’s YouTube show Rising.

BYUHgrad

1/27/21 9:50pm

Scott seems like he’d be the bell of the ball at a hedge fund party.

DiamondDog

1/27/21 10:00pm

Well Scott didn’t come off to good. Basically got his *** kicked.

Fargo

1/27/21 10:31pm

This interviewer does one thing that I cannot stand in debates. He doesn't

Ash

1/27/21 11:10pm

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