Worth a watch.

  • burntpie2000@lemmy.whynotdrs.org
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    1 year ago

    I think it is a good video to watch, because it is important to be able to articulate your position in the face of criticism rather than avoiding (or banning) any dissenting views.

    If someone was watching the video with limited knowledge of the situation, he would come across as reasonable (although a little condescending)

    Of course the question is what separates the Gamestop investment from BBBY and AMC, which both seem reasonably certain not to end well and people on the outside would struggle to see the difference between GME and BBBY/AMC.

    Even without bringing up naked shorting etc - The lack of debt, ~1billion dollars in cash/equivalents, and a CEO whose vision aligns with investors, with whom 25% are directly registered, seem to be a huge difference.

    It is easy to attack retail investors, who don't belong to the rich/ruling class and see this as both get out of their current situation and stick it to the ruling class (its a big club and we aren't in it - https://www.youtube.com/watch?v=Nyvxt1svxso), but maybe his time could have been better looking at the ruling class rather than household investors ? (2.5 hours is a long video!)