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0 pointsdave_aiello5y ago0 comments

I thought it was incredible.

At one point Palihapitiya criticized CNBC host Scott Wopner for defending the way things have always been done on Wall Street at the expense of the Robinhood investment crowd. Palihapitiya argues that the Robinhood crowd, the /r/wallstreetbets subscribers, should win and the institutional investment community should lose when the "smart money" gets the trade this wrong.

I agree with him.

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xtiansimon5y ago

> "I thought it was incredible. [...] ...the "smart money" gets the trade this wrong."

I assume you're referring to the ' '. Whether GME is worth $5 or $30, the stock rose to $500, and that's not fundamentally a misunderstanding of value. funds cooked the grenade too long (to use another ), and and the crowd slapped it out of their hand before they could throw it. Boom.

No?

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