Different skill set. A hedge fund is about making money off of insecure rich people, not returns. It’s all sales.None, to be exact.
This is big money blaming retail. No way is retail trading 100m+ shares a day.
Of course, there is always the narrative to knock people down that are doing really well.
How many people have you met that have turned $50k into $200m+ plus in less than a decade in a bull market?
I used to know some fund managers who made 100x on Personal Account trading. Sometimes that was so close to insider trading that I am (cynically) amazed they were never caught.
I think most of these stories about vast fortunes made on Personal Account trading are just that, stories. Or the balance of probabilities suggests that there will be a few such individuals.
If one has that much skill why not start a hedge fund? The next Renaissance Technology?
There's a heck of a lot of manipulation that goes on out there. Gamestop being a classic case.
The wise investor would be wary. There cannot be an easy path to riches via Reddit sub-boards. Unless one has access to truly inside information.
On the individual stock level, the market is one big casino that barely has enough regulation. And it’s definitely short on regulators.
Statistics: Posted by rockstar — Thu Jun 13, 2024 5:22 am — Replies 248 — Views 43229