In engineering we know that for simulation results to be useful the model must be a fairly accurate representation of the system being simulated, no matter if the system is a nut and bolt or a streo amplifier or a bridge. And usually the creation of an adequately accurate model requires a good understanding of the system. That understanding must include both the mechanism of operation and knowledge of the variables. In electronics and in mechanical things that can be obvious, while in the prediction of business operation it is quite a bit less obvious and more subject to changing. For businesses it is not so simple to create an accurate model, but it is possible instead to look at past performance. But in almost every prospectus we are cautioned that past performance does not guarantee future performance. Thus creating accurate models of businesses can be very challenging. THUS i AM SKEPTICAL.
When you read some of the more in-depth analysis you discover that at least one other hedge group made a huge profit. Perhaps the method was a bit questionable but at least mostly legal, sort of. So in summary it was not quite like it looked like. "David and Goliath" were the distraction from the big action..
Wishing something would be true does not make it true. WANTING VERY MUCH for it to be true does not make it true, and believing something is true will not make it true. Reality is brutal that way.
Thanks for the interesting and educational read. Note that the second graphic did not display with the Firefox browser. Or if there was a different problem with it.
WOW! It reads like a good action plot, which it seems to be just what happened. A bit of planning and a bit of plotting and then a bit of misleading and the stage was all set. Quite a scheme to make lots of profit.
How much of it was totally legal and how much was NOT is an interesting question.
Thanks for a post that was both educational and exciting.
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Quite interesting, and it brings up points that I had not considered.
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Thanks for an enjoyable read, VL.
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Was that an actual loss, or was $829m an estimate of the profit that should have been made, but instead was less than what was guessed?
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In engineering we know that for simulation results to be useful the model must be a fairly accurate representation of the system being simulated, no matter if the system is a nut and bolt or a streo amplifier or a bridge. And usually the creation of an adequately accurate model requires a good understanding of the system. That understanding must include both the mechanism of operation and knowledge of the variables. In electronics and in mechanical things that can be obvious, while in the prediction of business operation it is quite a bit less obvious and more subject to changing. For businesses it is not so simple to create an accurate model, but it is possible instead to look at past performance. But in almost every prospectus we are cautioned that past performance does not guarantee future performance. Thus creating accurate models of businesses can be very challenging. THUS i AM SKEPTICAL.
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Not every prediction comes true. Some guesses are incorrect.
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When you read some of the more in-depth analysis you discover that at least one other hedge group made a huge profit. Perhaps the method was a bit questionable but at least mostly legal, sort of. So in summary it was not quite like it looked like. "David and Goliath" were the distraction from the big action..
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Wishing something would be true does not make it true. WANTING VERY MUCH for it to be true does not make it true, and believing something is true will not make it true. Reality is brutal that way.
Buy The Squeeze, Sell The Skew
Why give us a very long and fast talking video when we could have had an excellent text version that would have been better to learn from??
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Thanks for the interesting and educational read. Note that the second graphic did not display with the Firefox browser. Or if there was a different problem with it.
The Curious Case Of The Hedge Fund That Made $700 Million On GameStop
WOW! It reads like a good action plot, which it seems to be just what happened. A bit of planning and a bit of plotting and then a bit of misleading and the stage was all set. Quite a scheme to make lots of profit.
How much of it was totally legal and how much was NOT is an interesting question.
Thanks for a post that was both educational and exciting.