[gvhst]

I can assure you that most folks on wall street (speaking about most of the multi-manager hedge funds specifically) have significantly tighter risk limits than anyone on WSB. Frequently drawdowns of even 5-10% can get your sized reduce or get you fired. The YOLO attitude that WSB has is closer to the film "the wolf of wall street" than what actually happens.

While Billions is one of the more realistic shows about finance, it is far from accurate enough to be compared to real life.

[greatpatton]

So if everyone in Wall Street have significantly tighter risk can you explain the risk linked to the short position taken by Melvin Capital on GME? How many "Wall Street" were burned by taking high bet that went wrong going around their internal audit?

[delaaxe]

Oh yeah? Risk limits so tight that one of largest hedge funds needed a 2.75 billion bailout to cover their losses on a single short position? https://www.wsj.com/articles/citadel-point72-to-invest-2-75-...