Over the weekend, I binge-watched last week’s congressional GameStop hearing entitled, “GameStopped – Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide?” The all-star cast of witnesses included Gabriel Plotkin, founder of Melvin Capital, the hedge fund that needed a $2.75 billion bailout investment after getting caught in GameStop’s short squeeze; Vlad Tenev, […]
GameStopping the Way to Decentralized Finance (DeFi)
Great transformations are often marked with nouns developing into verbs. Phoning. Texting. Facebooking. Tweeting. And most recently, GameStopping. While some may define GameStopping as “crowdbuying stocks that possess implausibly high short interest ratios”, I would argue that GameStopping is not confined to equities, markets or even finance at all. GameStopping is simply the act of […]
How an Investment Group on Reddit Can Return Democracy to Stock Markets
America was established on the doctrine of freedom. One of its many founding liberties grants citizens the right to invest in and profit from the ingenuity of its fellow citizens. Stock markets are vehicles to facilitate this right. Stock markets were created to foster capital formation so that businesses could flourish while individuals participate in […]
Using Psychology to Justify Bitcoin’s Meteoric Rise
Some use charts to predict price fluctuations. Some focus on fundamentals. Others use time machines built out of DeLoreans. Whatever mechanism you are using to forecast the price of bitcoin, make sure not to overlook the most basic analytic tool of all – psychology. Human behaviors as dictated by the human mind speak volumes as […]
Recap of 2020 Bizarro World and Some Really Bold Investment Predictions for 2021
If 2020 could be summed up in one stanza, it would be, “the best laid plans of mice and men often go awry.” Last year, at this moment, I was trying on my flapper dress and getting prepared to greet the modern-day roaring twenties. I rang in 2020, in a crowded restaurant, dressed in flapper […]