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by Aunche
1928 days ago
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> Isn't your entire argument that hedge funds are smarter investors, and therefore you cannot compete with them? I don't think that hedge funds are particularly smart, outside of convincing their clients of their value. I'm saying that hedge funds are smarter than "investors" that think that buying GME at $300 going to meaningfully hurt hedge funds in any way. I'm not upset at the people losing money. I'm upset at the people peddling these imagined narratives as facts, which ends up causing people to lose money. |
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I'm not really a fan of misinformation either, but I will defend people's right to share their opinions freely (except in extreme situations where it advocates violence).
This is hardly unique to /r/wsb though. I mean yeah, I wish most people there were better informed as well. But I'm not sure how to solve that problem.
In my opinion /r/wsb is a net positive, although it obviously has its problems. The signal to noise ratio is awful, and the amount of shilling going on is ridiculous.