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by khawkins 1965 days ago
Nobody cares about the people who are "unsophistocated people who have bought into the frenzy", especially if they get screwed. Further, they shouldn't care about them because anyone who doesn't understand what's going on deserves to get whatever happens to them. Stock trading is high risk, high reward, and that should be clear to everyone.

The problem is that hedge funds constantly benefit from a much lower risk due to market structures designed to stabilize the market. Many of the WSB people are willing to risk a big large loss in order to reveal this flaw of the system. Many of them will not be fine, and, if they're successful, some hedge funds will be bankrupt and all of them will be scared moving forward.

1 comments

> Nobody cares about the people who are "unsophistocated people who have bought into the frenzy", especially if they get screwed.

This is in fact exactly who most people care about, in this situation. It may not be who the extremely-online people that this board is mostly comprised of care about, but they are not most people.

> Further, they shouldn't care about them because anyone who doesn't understand what's going on deserves to get whatever happens to them.

This is directly at odds with how markets are regulated, because there is a long history of this thinking leading to widespread scams and cons.