FinTwit’s Finest and Funniest (#FFF) | 28 January 2021
TSHPIT (Thank Some Higher Power It’s Thursday)! That means tomorrow is Friday weekday warriors. To help you in your waiting, let’s release some endorphins by having a laugh or two.
On Tuesday, Chamath Palihapitiya revealed he’s running for Governor in the Terminator’s state of California.
It’s on. #RecallGavinNewsom https://t.co/r8Cwd4szrn
— Chamath Palihapitiya (@chamath) January 26, 2021
Though, this meme of Chamath is what we found funny with regards to Chamath on Twitter…
— sandro (@xsandroxo) January 26, 2021
sandro, what a legend!
We thought we’d be leaving Chamath here, but as you’ll see soon we’ll get back to him and this tweet, but first…
How has the 2021 investment year started for you?
The 2021 stock market summarized… pic.twitter.com/Rl3UmR7GC5
— WallStreetBets | Wall St Memes (@wallstmemes) January 19, 2021
Stonks only go up, don’t they?
Short sellers are domestic terrorists
— Dr. Parik Patel, BA, CFA, ACCA Esq. 💸 (@ParikPatelCFA) January 23, 2021
In case you missed it, Wall Street Bets wanted to prove short sellers of GameStop just that.
It’s 2021 and Will Meade is the leader of Wall Street Bets… pic.twitter.com/M9QxgaB2OH
— Reddit Investors (@redditinvestors) January 26, 2021
Wondering how they valued GameStop?
I’m not seeing too many DCFs on Wall Street Bets. They must be doing the math in their head.
— Jamie (@jj_shipley) January 25, 2021
They may also have used the latest Robinhood update.
This Robinhood update is wild pic.twitter.com/iosWX0ijT8
— chel$ea (@chhlss) January 26, 2021
And then Chamath entered…
As Ben Graham once said, when billionaire investors are YOLOing on call options for meme stocks you should invest all your money in the stock market
— Dr. Parik Patel, BA, CFA, ACCA Esq. 💸 (@ParikPatelCFA) January 26, 2021
And then Elon Musk joined in.
Gamestonk!! https://t.co/RZtkDzAewJ
— Elon Musk (@elonmusk) January 26, 2021
Two billionaires having fun.
today was a fun day. https://t.co/KD0AgvtCXk
— Chamath Palihapitiya (@chamath) January 27, 2021
Imagine this…
Imagine spending 4 years and $150,000 to learn about the efficient market hypothesis and then the market does this: pic.twitter.com/p7YO8eYh6s
— Fintwit (@fintwit_news) January 26, 2021
What an achievement!
THEY DID IT: $GME was the most traded equity on the planet today w/ $20b in volume, more than $SPY, $AAPL and even the Mighty $TSLA. Surreal. pic.twitter.com/UxJPttsg4t
— Eric Balchunas (@EricBalchunas) January 26, 2021
Turns out Wall Street Bets is a force to reckon with.
All along we thought the Federal Reserve ran the show, but it was actually WallStreetBets. pic.twitter.com/igAxO32rS7
— WSB Chairman (@WSBChairman) January 25, 2021
And hedge funds might be overspending on their research teams.
Hedge funds literally spend hundreds of hours building models and reading filings when instead they could’ve made a year’s worth of returns by just buying a meme stock like $GME
— Dr. Parik Patel, BA, CFA, ACCA Esq. 💸 (@ParikPatelCFA) January 26, 2021
Either way, they weren’t very happy about what was going on.
😂😂😆
Institutions, at a super secret enclave somewhere in Switzerland, right now 👇🏻 pic.twitter.com/OuLbjORbz7
— Jim OShaughnessy (@jposhaughnessy) January 26, 2021
Misquoting John Maynard Keynes to end this post seems to make sense.
— John W. Rich (Wealthy Tech Exec) (@Cokedupoptions) January 26, 2021
In case you’ve missed this whole GameStop story, here’s a fun and short summary.
I made a mini documentary about GameStonk (ft @elonmusk)
WATCH OR BLOW UP YOUR ACCOUNT
https://t.co/AqWxyEU2OO— Coffeezilla (@coffeebreak_YT) January 27, 2021
NOTE: There are some serious issues to consider with regards to this whole GameStop story, but #FFF is about having a laugh.
DISCLAIMER: This content is for information purposes only. It is not intended to be investment advice. Readers should not consider statements made by the author(s) as formal recommendations and should consult their financial advisor before making any investment decisions. While the information provided is believed to be accurate, it may include errors or inaccuracies. The author(s) cannot be held liable for any actions taken as a result of reading this article.