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Ab · 3rd February 2021, 12:29

I like Scott Galloway, he's a smart dude and he seems to be really grounded for a rich white American. But yeah he is totally hamstrung by the lens through which he's looking at this.

Here's the latest episode of his podcast, in which he and NYU finance professor Aswath Damodaran talk about the GME squeeze:

https://podcasts.apple.com/us/podcas...=1000506946680

It's a great discussion, you guys should all give it a listen even if just the first 10 mins or so.

These guys are brilliant and articulate and and insightful and they just have no idea how much they don't understand what's happened. They have this huge blindspot that comes from being stock market guys. They talk about how the WSB investors need to have an exit strategy and how risky their current investments are and how Gamestop's future earnings look bleak because of changing retail patterns and OH MY FUCKING GOD SHUT UP SHUT UP SHUT UP. The fact that they describe the WSB tards as investors in need of an exit strategy just shows how much they don't get it. The can't seem to get their heads around the fact that to a lot of the core WSB tards money is a meaningless concept because they know they'll never have enough of it. The can't even conceive of the fact that a lot of the tards would happily set 100% of their own money on fire if it bankrupted a hedge fund.

It's weird because Galloway in other pods and interviews reveals that he's aware of the resentment that young people have towards the system that has shut them out of prosperity and financial security, but his commentary on the WSB squeeze seems really blinkered.

3rd February 2021, 12:29	#65
Ab A mariachi ogre snorkel	I like Scott Galloway, he's a smart dude and he seems to be really grounded for a rich white American. But yeah he is totally hamstrung by the lens through which he's looking at this. Here's the latest episode of his podcast, in which he and NYU finance professor Aswath Damodaran talk about the GME squeeze: https://podcasts.apple.com/us/podcas...=1000506946680 It's a great discussion, you guys should all give it a listen even if just the first 10 mins or so. These guys are brilliant and articulate and and insightful and they just have no idea how much they don't understand what's happened. They have this huge blindspot that comes from being stock market guys. They talk about how the WSB investors need to have an exit strategy and how risky their current investments are and how Gamestop's future earnings look bleak because of changing retail patterns and OH MY FUCKING GOD SHUT UP SHUT UP SHUT UP. The fact that they describe the WSB tards as investors in need of an exit strategy just shows how much they don't get it. The can't seem to get their heads around the fact that to a lot of the core WSB tards money is a meaningless concept because they know they'll never have enough of it. The can't even conceive of the fact that a lot of the tards would happily set 100% of their own money on fire if it bankrupted a hedge fund. It's weird because Galloway in other pods and interviews reveals that he's aware of the resentment that young people have towards the system that has shut them out of prosperity and financial security, but his commentary on the WSB squeeze seems really blinkered.