fareastwarriors Posted March 19, 2021 Posted March 19, 2021 The best DFV video in my opinion. Also in line with the previous comments, I am not convinced many money managers in the industry do much more than this anyway. F*cking hilarious. The reversal of the ticket in the reverse card, and shaking the 8-ball 4 times to get the answer he wanted, is amazing! I know he's having fun with this, but I also have to wonder if this is what he did with GME Lol. Maybe I should replace my screener.co subscription with my kids banagrams. Many money managers are not beating their indices anyways. Random walk down wall street!
aryadhana Posted March 20, 2021 Posted March 20, 2021 Yea I'm not hating on everyone in the field...but the truth is that too many finance folks are too full of themselves(or just in general take themselves way too seriously) and many think they are hot shit because of how much money they make, but the truth is they dont deserve to make the money they do and its not hard doing what they do. Look at this guy Keith....chills in his basement and has fun with it. Plenty of others have mentioned similar things...I think(although I wasnt around for those days) ERICOPOLY even talked about how he'd spend some time researching and then just go for walks on the beach...I cant say I do things much differently. Its a shame folks just dont know any better and therein lies the problem.....the system is setup so that people are not properly educated in matters relating to financial markets and investing. And I can take some good guesses as to why that is.... Shame but our laws are designed to make sure people don't learn to steward their money and think about spending and investing. So much of our wealth is locked up so that we can't spend it until we are frail and weak, and the rules are such that this all has to be professionally managed. People would be better off if they could use all the money they are owed (in retirement plans, pensions, and future entitlements) to pay off their mortgages and invest what they have left over carefully. Fewer people would own stocks, but who cares? The people with enough money leftover after paying down a house and other expenses can take the time to learn a little about investing in stocks or indices; or learn a little about actually identifying honest investment advisors. Prices would be better and make more sense if people actually had to shop for things with their own money. This applies to assets and goods as well. You think maybe bandaids cost $500 at a hospital because no one -- absolutely no one, at literally any point of the supply chain -- is spending anything with their own money, and shopping around as a result? It's an outrage.
Morgan Posted September 16, 2021 Posted September 16, 2021 On 3/20/2021 at 12:09 AM, aryadhana said: Shame but our laws are designed to make sure people don't learn to steward their money and think about spending and investing. So much of our wealth is locked up so that we can't spend it until we are frail and weak, and the rules are such that this all has to be professionally managed. People would be better off if they could use all the money they are owed (in retirement plans, pensions, and future entitlements) to pay off their mortgages and invest what they have left over carefully. Fewer people would own stocks, but who cares? The people with enough money leftover after paying down a house and other expenses can take the time to learn a little about investing in stocks or indices; or learn a little about actually identifying honest investment advisors. Prices would be better and make more sense if people actually had to shop for things with their own money. This applies to assets and goods as well. You think maybe bandaids cost $500 at a hospital because no one -- absolutely no one, at literally any point of the supply chain -- is spending anything with their own money, and shopping around as a result? It's an outrage. Those programs were put in place because the average American is financially illiterate and financially irresponsible. Almost no one who receives a large one time sum makes good decisions with it. Let alone over their entire lifetime to fund retirement. While these programs certainly have problems, they may be the least bad way to avoid the elderly living in the streets. Agreed on hospital costs. No one even knows the price of anything. It’s totally stupid. If I were rich enough, I’d start a hospital with all the prices for everything listed on the wall and let the customers pick if they thought an extra scan was worth it or not. Prices for all surgeries and kinds of little stuff you never think of. Transparency is crucial for competition. I’d need some way to ban lawsuits but also incentivize good patient outcomes. I’m not sure if it’s possible to ban lawsuits other than forcing arbitration. Anyways, just my two cents lol
Spekulatius Posted February 25 Posted February 25 Animal spirits are still alive: $20M starting from $2M…
Luke Posted February 25 Posted February 25 1 hour ago, Spekulatius said: Animal spirits are still alive: $20M starting from $2M… i saw that one too...what a bet and what a reward...always remember folks, for everyone of these is a guy with the opposite, 0 USD in his account and severe depression
Spekulatius Posted February 25 Posted February 25 21 minutes ago, Luca said: i saw that one too...what a bet and what a reward...always remember folks, for everyone of these is a guy with the opposite, 0 USD in his account and severe depression There is not one, there are probably hundred that lose all on option trades. ST option trades are zero sum games. This fellow seems to have some serious skill if you believe his posts.
brobro777 Posted February 27 Posted February 27 On 2/25/2024 at 11:23 AM, Spekulatius said: There is not one, there are probably hundred that lose all on option trades. ST option trades are zero sum games. This fellow seems to have some serious skill if you believe his posts. https://www.youtube.com/watch?v=zceqfQCkLyU Why use skill when you can use astrology Haha
ValueArb Posted February 27 Posted February 27 Has Keith Gill ever disclosed how much he ended up making on Gamestop? I know he claimed he was holding for quite a while after the peak, and I believe the value of his holdings peaked at $50M or so, so I'm guessing he go out a lot lower?
gfp Posted February 27 Posted February 27 5 minutes ago, ValueArb said: Has Keith Gill ever disclosed how much he ended up making on Gamestop? I know he claimed he was holding for quite a while after the peak, and I believe the value of his holdings peaked at $50M or so, so I'm guessing he go out a lot lower? I believe this was his last update. Hopefully he ended up with enough to pay the tax bill
Castanza Posted February 27 Posted February 27 2 minutes ago, ValueArb said: Has Keith Gill ever disclosed how much he ended up making on Gamestop? I know he claimed he was holding for quite a while after the peak, and I believe the value of his holdings peaked at $50M or so, so I'm guessing he go out a lot lower? I don't think he ever disclosed it, but he did say it was "life changing money" for his family. Some sleuths out there found that he bought a 7.8m house in Mass and has 6 luxury/sports cars (Aston, Porsche etc.) registered in his name.
TwoCitiesCapital Posted February 27 Posted February 27 1 hour ago, Castanza said: I don't think he ever disclosed it, but he did say it was "life changing money" for his family. Some sleuths out there found that he bought a 7.8m house in Mass and has 6 luxury/sports cars (Aston, Porsche etc.) registered in his name. Yea - I know he was still holding $10+ million when he went quiet and has suggested he wasn't selling But I also believe he has disclosed that he'd taken $5-10 million off the top at different times as he rolled some of the contracts so he probably did well even if he never sold another contract and rode them down to being worthless
ValueArb Posted February 27 Posted February 27 4 hours ago, Castanza said: I don't think he ever disclosed it, but he did say it was "life changing money" for his family. Some sleuths out there found that he bought a 7.8m house in Mass and has 6 luxury/sports cars (Aston, Porsche etc.) registered in his name. Not quite what the next Buffett would do. Though I once knew a very astute value guy who would buy half million dollar sports cars, keep them a year, then flip them for a profit. Ultimately did not work out for him.
Castanza Posted February 27 Posted February 27 9 minutes ago, ValueArb said: Not quite what the next Buffett would do. Though I once knew a very astute value guy who would buy half million dollar sports cars, keep them a year, then flip them for a profit. Ultimately did not work out for him. LOL who needs to or wants to be the next Buffett? Dude make billions so he can eat at Dairy Queen and Mcdonald's. No question he is the GOAT when it comes to investing. But his lifestyle choices are no different than someone making 100k a year living in the Mid-West (maybe minus the jet). No clue on how much of a hole that money is burning in Roaring Kitty's pocket...7.8m house and a bunch of cars? Seems to be a little....But he did seem pretty squared away when it came to finances. I don't picture him blowing it all. Obviously we can't be sure what he made or how much he has left, but rolling short term T-Bills at max allocation (10m) every 3 months at 5.38% currently netting you ~500k isn't a bad way to live haha....I'd take half that and call it a day.
gfp Posted February 27 Posted February 27 5 minutes ago, Castanza said: rolling short term T-Bills at max allocation (10m) every 3 months what is "max allocation"? Is that a treasury direct thing or what?
Castanza Posted February 27 Posted February 27 2 minutes ago, gfp said: what is "max allocation"? Is that a treasury direct thing or what? Looking at Treasury Direct it says actually says "Max Purchase"...so maybe that's actually just per transaction. If that's the case then Ol'Roaring Kitty could be sitting pretty with ~1.6m coming from t-bills....not a bad way to make a living. Although I think there are a few on this board with deep pockets likely not sitting in t-bills or fixed income. To each their own I guess.
gfp Posted February 27 Posted February 27 Uncle Warren will give it to you straight. You can buy plenty of t-bills if you find yourself a dealer. We've got a government to finance after all!
ValueArb Posted June 3 Posted June 3 Apparently Keith Gill got out of Gamestop with most of that $50M the first time around, as he's now claiming he bought a little over $100M of GME, and as I write this up at least $45M (over $30M this morning alone). I find it hard to believe he'd YOLO everything he owns on margin, so presumably he's increased his net worth to at least $100M before putting on this trade. There is apparently a rumour he made $200M on Solana?
gfp Posted June 3 Posted June 3 22 minutes ago, ValueArb said: Apparently Keith Gill got out of Gamestop with most of that $50M the first time around, as he's now claiming he bought a little over $100M of GME, and as I write this up at least $45M (over $30M this morning alone). I find it hard to believe he'd YOLO everything he owns on margin, so presumably he's increased his net worth to at least $100M before putting on this trade. There is apparently a rumour he made $200M on Solana?
gfp Posted June 3 Posted June 3 Just now, Luca said: And someone exited Well he hasn't exited his 120k contract call position. No way to sneak out of that one - he is almost the entire open interest.
Luke Posted June 3 Posted June 3 18 minutes ago, gfp said: Well he hasn't exited his 120k contract call position. No way to sneak out of that one - he is almost the entire open interest. Yep but many apes took profit instead of hodling!
oscarazocar Posted June 3 Posted June 3 1 hour ago, gfp said: Well he hasn't exited his 120k contract call position. No way to sneak out of that one - he is almost the entire open interest. How do you know he hasn't exited the call position? Some cursory browsing indicates that the open interest is recalculated once each day. If he exercised the options and sold the stock, would we know that now or would we have to wait until the open interest is updated?
gfp Posted June 3 Posted June 3 (edited) 27 minutes ago, oscarazocar said: How do you know he hasn't exited the call position? Some cursory browsing indicates that the open interest is recalculated once each day. If he exercised the options and sold the stock, would we know that now or would we have to wait until the open interest is updated? The volume isn't there in his contract (and he wouldn't' exercise the options and sell the stock when the options are worth more than their intrinsic value) Edited June 3 by gfp
oscarazocar Posted June 3 Posted June 3 3 minutes ago, gfp said: The volume isn't there in his contract (and he wouldn't' exercise the options and sell the stock when the options are worth more than their intrinsic value) Why wouldn't he exercise the options and sell the stock? One wouldn't normally do that, but this is a highly unusual case, and the "intrinsic value" of the options doesn't seem terribly relevant here given the dynamics. He dominates the GME options market, everyone knows exactly what he owns, and his selling would crater the price. If he exercised the options and blew out of the 12m shares at $32.50/share, that's $150 million in the till, and he could actually do it. Not bad for a day's work.
Luke Posted June 3 Posted June 3 E*Trade Considers Kicking Meme-Stock Leader Keith Gill Off Platform https://www.wsj.com/articles/e-trade-considers-kicking-meme-stock-leader-keith-gill-off-platform-f2003ec4
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now