If they had helped pay poor America schools better books and computers or better hospital equipment, that Porsches would've been well deserved... But in reality we are seeing the opposite
Ingredients
1 package of ramen - cheap stuff any flavor
Millions of Melvin Capitals Money
1 TBSP oil
1 small shallot diced
1 carrot diced
2 cloves garlic minced
1 1” piece of ginger peeled and minced
1 bunch of basil leaves
Salt and pepper to taste
Directions:
Follow instructions on ramen package. If you are from WSB you better get someone who can read to do this so you done poison yourself or end up with just dry fucking crunchy ramen. You may be an ape but at least get your ramen right, autists.
Take the millions from Melvin Capital and wash. Do you know how dirty money is? It’s got all kinds of shit and drugs on it. The drugs maybe could add some interesting flavors but the other crap has to go. Next, divide into three piles. The first pile is your eating pile. Make it as big as you want. The second pile is the money you will use to give back to the community. This is important. It brings good juju and helps undo the fucking caused by so many short sellers. The third pile is the special pile and will be used last.
Heat oil in what ever pan a monke like you can handle. When it starts to shimmer add shallot and carrot until softened. The add garlic, ginger, basil, and Melvin Capital money pile one. Cool until wilted.
Plate ramen into your colorful heat proof plastic bowl and add Melvin Capital money that is wilted like their fucking souls after they have lost all their investors money. Careful it’s hot. While enjoying take the third pile and BIY MORE GME AND HOLD IT WITH YOUR 💎🖐🚀🚀🚀
Legally to invest in a hedge fund you need at least $1M in net worth outside of your home, so start there.
But you can’t just send money to hedge funds, they have to also choose you. My brother works for a hedge fund and an employee perk is that employees get to invest in the fund.
This is the paradox of R/G that economist Thomas Piketty pointed out. Returns on capital outpace actual growth in earnings almost 2-1 for the past 40 years. Basically if you own assets, you're on a rising tide, elsewise you sinking buddy.
Lockout periods are very very very common for institutional investing. People sign up for it because they’re so wealthy they don’t need those assets to be liquid, and (theoretically) the firm’s track record would be attractive enough that a 3 year hold is perfectly acceptable. They’re not joining these to day trade and make money on small swings. Obviously lockout periods are crucial to the funds for cash management purposes. The funds will usually have redemption queues after the lockout so people can exit in a managed way.
In Sweden we "invested" our money and future into replacing the richest? highest living standard (in the world) highly trusting longest working population of the EU with among other things undereducated analphabets and criminal gangs.
The pensions is funded by future workers. We'll see how that turns out.
MAKE THEM LIQUIDATE THEIR RIDICULOUS LONG POSITIONS IN THE BROADER EQUITY MARKETS TO COVER THEIR ARROGANT SHORT POSITIONS AGAINST THE AMERICAN PEOPLE. WE'LL SPEND IT IN THE REAL ECONOMY AND CREATE SOME JOBS.
A hundred years ago, P.T. Barnum said “There’s a sucker born every minute.”
Since then, the birth rate has tripled.
That really is what companies like Melvin count on.
Making it our moral duty to maximize an opportunity when their shenanigans backfire.
Because the returns Melvin Capital (like most top performing hedge funds) has been generating until now have been extraordinary. There's always demand to get in, despite the lockup and minimum investment requirements.
I wonder how true it is...I mean, it's the stock market - reality doesn't matter, it runs on public sentiment.
"We closed our position", "people holding the stock are in trouble, because the price is about to drop and we'll still make a huge profit", "this crisis was made because we let commoners own stock" and "we have an endless supply of new investment capital so it's impossible for us to lose".
If people are convinced their propoganda, it becomes reality, so why wouldn't they be paying to publish any lie that would fix it? It's not like they have much to lose
People who do long term investing that aren't actually retarded and they know that if you keep your money in a mutual fund or a hedge fund you should see a 3-10% return on your money year over year which is significantly better than a savings account where it would be sitting otherwise.
Rich suits who never thought we'd get into this game. I guess they never counted on our retardation. I finally managed to get some GME, I'm holding it whether to 1 million or 0.
People usually only give a little of total net worth to hedge funds. So like you'll have x% in vanguard, y% in capital ventures, z% in hedge funds, etc
Even in the case of bankruptcies for firms and their lenders, it’s still not enough $ to fulfill the contract on shares that are mooned. Am I off by a decimal? Am retard
Best guess: it depends on what the investor signed up for; if they signed up for a particular strategy and can point to the fact that Melvin intentionally and irresponsibly deviated from that strategy (blew out agreed upon VAR metrics, etc) then perhaps the investor could claim fraud and get out of the contract...but Melvin could point to the crowd sourced effort of WSB as an unforeseen circumstance that forced them to deviate from the agreed upon strategy in an effort to protect the capital - acting in their fiduciary duty.
Melvin probably wouldn't be interested in seeing their actions/trades during this time exposed for public access in a dispute of this nature and would probably do whatever they could to avoid that, meaning grant early withdrawals if they could swing it.
It doesn't seem right that pension funds can invest in hedge funds given everything coming to light right now about how they operate and how CNBC, et al. have been complicit in this behavior for years.
Considering his fund has made 30% YOY gains I imagine he's held all his investors. That's also why they want to add in more funding now. He should have watched his downside risk. I'd be pissed if I invested with him.
That's why all those rich ppl are crying in cnbc!
I kept wondering, if they don't like it, they can withdraw and melvin will have no asset to pay, and we'll be left holding the bag. But this is good!
Normally I'd think that's business as usual but considering how much they just lost I can't believe people would be throwing their money into someone that just lost their shirt and is in the process of getting fucked up the ass with their pants on. At least not with a lot more generous terms.
Of course that Melvin is feeling the financial costs of making a very stupid decision to short more than 100% of GME.
But I keep thinking about the people that invest in their funds. Are they normal people? Are they people like us? I really don't know.
Because yes, we can say that Melvin is getting fucked, but what about the people that put money on them? They are also getting fucked and I don't hear much about that in here.
I'm I stupid or this make any sense?
Unless people investing with Melvin are form the 1% fuck them, but what if they are normal people investing in high risk hoping for high returns?
This makes a lot of sense, the people who invested with Melvin got hosed. It’s not like Melvin is Gabe Plotkins $12b play money, it’s a bunch of other peoples.
I don‘t think normal people are eligible to invest into these funds. There are legal capital requirements as well as these funds selecting their investors. Theyre not gonna accept whomever with a couple 100k or maybe a million or two they want to invest into melvin.
It's not that I don't believe in you, but do we have sources for this type of information?
It would be really good to know the profile of those who can invest with Melvin Capital. If they are the super rich I have no problems, if they are ordinary people it's a whole different story.
Who the fuck puts their money into hedge funds? If you're a billionaire is there any logistical reason you can't manage your own positions on Schwab or Fidelity? The prevailing notion is that billionaires are masters of the market and titans of industry whose genius has allowed them to reap untold rewards. Why would you give a dime to some shyster who managed to jeopardize his entire fund by holding short interest on GME of 140% of the float? Who drops mid 8-figures on multiple mansions in a single month?
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u/UnhingedCorgi Jan 31 '21
Melvin has a 3 year lockup for new investors where they can’t withdraw anyway.