《Everyone Loves Min-maxing》Chapter META: Min-maxing and the Gamestop short squeeze.
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You know what 140% float on a stock means?
It means a hedge fund manager cut off both arms, both legs, all so he can slide down a water park slide as fast as possible with the least amount of friction possible to win a water park competition with a multi-million dollar payout.
But what if you derail? Then you have no hands, no feet to steer yourself.
But you calculated everything! It's not possible for you to derail! Regulators on your side, politicians in your pocket, 2.7 billion dollars of a bailout readily available at one phone call to your buddies at point72 and citadel...
It's not possible for you to derail, unless something goes horribly, horribly wrong.
Sometimes, something goes horribly wrong.
Sometimes, life throws a variable at you that you couldn't possibly have conceived. A perfect storm– covid stimulus money, negative interest rates, a mob of young volatile investors opening up brokerage accounts at never-before-seen pace, an internet megaphone, and one juicy, juicy wall street fat cat caught with his pants down shorting 140% of all available stock.
Sometimes, the formula is broken.
That's the problem with min-maxing.
That's life.
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[Dropped ver, read desc] Solo Player Rebirth!
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