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Bury Me with My Diamond Hands: the Gamestop Episode feat. Quantian1 and Neoliberal Dad (Patreon)

Published:
2021-02-01 23:53:39
Edited:
2021-02-02 00:01:56
Imported:
2026-06

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Content

We brought on twitter finance geniuses Quantian1 and Neoliberal Dad to discuss the Gamestop short squeeze, the Robinhood app, and all the ways in which the line is now officially divorced. Hope you enjoy!

Comments

Dorley Hall's tame racing driver

Hey, since you mentioned the guy in passing, do y'all have an episode on subprime auto lending in the archive? I'd love to dive in to that one.

Gareth Richmond

One quick point ill make is that on Wednesday morning 2 hours before market open MSNBC reported that the ceo of melvin had just announced that melvin had ended their short positions on gamestop tuesday night. The reported it as a fact even though it was obviously bull. Hedge funds like melvin dont just announce their short positions especially if that means admitting to losing billions. Hours later when it was obvious most people hadnt bought this obviously false narrative it was dropped. And then low and behold on friday melvin announced that it had exited there short positions on gamestop that day as in friday. So eithet melvin hadnt exited earlier in the week or had exited and then reshorted. Or most likely something totally different because hedge funds DO NOT just announce their short positions to the world to give people a heads up. As to the rest of it is pretty as much as insane as it at sounds. Especially after after wallstreetbets whent from 2 million subscribers last monday to 6 million friday.

Petter Ericson

Listening to the episode, I paused at some point explaining a 10-24 scam to my partner. Literally thirty seconds before the episode went into it. I should just listen and shut up :)

CharloBme

This Game stop fiasco has been a truly wonderful time for Explain Guys™

Samuel Cain

I don't think you explained Blockable's aesthetics enough or there would have been more Minecraft jokes

energizer bunny

Dang I wish you released this episode before I YOLO’d my life savings and then bought the dip with a second mortgage. Fuck why does this happen every time I take life-altering financial advice on the internet?

alan

I just want all to know that Hostess’ stock symbol is TWNK, should anyone else out there be using Alice’s investment metrics :)

E B

OK, I’ve got an extended metaphor. So imagine you’ve got a casino. And the idea with casinos is that its a scam that works by letting everybody know its a scam, so people think they can scam the scammers. But the house always wins. But then this casino lets someone set up another casino inside the casino. A metacasino, where everyone bets on what people are doing in the original casino. This doesn’t make sense, but the casino suddenly starts making more money. The house still wins, so it’s allowed. But that opens the floodgates. Now people start setting up metametacasinos, and more. The ur-casino is still making money, but the owners (a respectable legitimate family known as the Corleones) are getting increasingly jumpy because they have no idea how their casino makes money anymore, just that it does. So one day the punters of sub-mega-meta-under-meta-casino 561 decide that very few ur-punters are going to bet on 22 black. But the punters of r/metacasinobets420 decide they are going to stick it to those elite sub-mega-meta-under-meta-casino 561 snobs by all going into the ur-casino and betting on 22 black. Things go fucking wild. All the meta-casinos and above suddenly stop working for a while, until they realise they can start betting on themselves losing a bet. Random people off the street are demanding unrestricted access to the roulette table. The Corleones are simultaneously terrified and ecstatic because someone is fucking with the money system, but somehow they are still making as much money as before. In the end, a lot of ur-punters lose their money as usual, more meta-punters than usual have lost money, the Corleones have doubled their net worth by doing nothing, and Joe Pesci is buried in a cornfield. In summary, the stock market is a normal place.

etienne

so wait Gaz Baz is named like that because of Basildon right?

thrillho

Lmaooo the shipping container houses are just "the stacks" from Ready Player One but somehow even worse

Oliver Cant

Also, Guy Ritchie's cockney-ass take on King Arthur W/ Patrick Wyman would be legit, though.

Saleem Painchun

Hi - can you post a link to the essay Riley mentions at around 59:00 please?

Kas

Joanna Cherry has written a batshit crazy diary for the New Statesman, might be good for a reading?

JARITA

Is there any place to but An Engine, Not a Camera, that isn't insanely expensive?

JF

you guys should get veb on the pod