Thats funny, sure going to Gtech for an American as an undergrad doesn't scream privilege but seeing that today the total cost of going to such school will run you around 400k as an international student, while millions of people graduate high school in Nigeria and have to go through the hunger games of Jamb for extremely limited spots due to the lack of investment in education lead by his dad and cohorts tells a different tale.
Someone like him not born to such father in Nigeria, will likely be an high school teacher getting paid $100 every 4 months.
Are you just assuming his dad paid for his school? Do you know if he received any scholarships? Do you know the finances of his mother/mother's side of the family?
The level of downvotes on a Bjarne Stroustrup C++ programming language book joke[1]2] shows how much people are really familiar with the C++ ecosystem when they complain about how tedious it is. Have you really took time to learn the langauge?
> “The bottom line is that clients are still able to trade in GME, but we’ve put some restrictions on certain types of transactions in the interest of helping mitigate risk for our clients,” Schwab said Wednesday in a statement.[0]
They very much did 3 weeks ago. Not to the same degree as the smaller brokerages, but they still put limitations on margin trading, and restrictions on options.
1. Increased margin requirements for GME
2. Restrictions on naked strategies
Both of these are pretty much acceptable on a very volatile stock. They never prevented you from buying the stock or options. I think including Schwab or TD in this is near misinformation because 99% of users wouldn’t make use of the features that Schwab ended up restricting
I think people may be mislead because they are looking back at the published restrictions, but those don't reflect immediately prior, when things were going nuts and brokers, not just Robinhood, were doing stuff without notifying customers.
TDA is a subsidiary of Schwab and was blocking some purchases for some period of time during the week, before they put out a statement that said they "will not prevent clients from making basic buy and sell transactions".
The string "put" does not occur in the article referenced.
Existing restrictions became sizable due to the market volatility. This impacted certain clients of the brokerage that had significant exposure to the names relative to their account.
Not the same thing as the brokerage implementing new restrictions.
I haven't been disappointed by the endings of his more recent novels: Cryptonomicon, Anathem, Seveneves. (I did not enjoy time spent on REAMDE, that being the only exception.)
Of those 3 I was only somewhat happy with Anathem. I couldn't finish REAMDE and Seveneves convinced me that I may not read another one of his books again, unless it debuts to unanimous critical acclaim or something similar. I thought the ending of Cryptonomicon was pretty weak but the rest of the novel leading up to it was so fantastic that I didn't care. Honestly I found the Baroque Cycle to have the best ending of any of his works, and I would describe it as the one time I was happy with both the journey and the destination of a Stephenson novel.
Of those three I was initially least interested in reading Anathem. Maybe as a result, I was most pleasantly surprised by it. Agree that none of these compare to the Baroque Cycle.
Seveneves was frustrating because he spent hundreds of pages setting up a premise worthy of an entire lifetime’s worth of books and then just...stopped. Any other author would write that book and be set for life. Neal Stephenson has no time for that and just moves on to the next pile of ideas in his notebook.
It's definitely a prequel (REAMDE, that is) but you can actually see the story of Dodge taking shape through it. Having said that, Dodge could have been about 300 pages too long..!
That's true, I don't even remember the ending to Snow Crash which I read some ~6 years ago. The unraveling premise that comes about in the ~3rd quarter of the book is what stuck with me. Think it'll be the same for Cryptonomicon.
I've finished it. I thoroughly loved it. I don't want to go into any spoiling detail if you haven't read it?
It's only been some hours, so I'm honestly still processing a lot of it. I'll definitely be rereading it. It's considerably grander in scale than Snow Crash, his only other Novel I've read so far, but I'm quite excited to read his other novels.
Well, value is human concept. Things are valuable if people are willing to give up other valueable things for them. The fact that people parted with hard-earned cash to watch John Wick 3 but not Hellboy doesn't have anything to do with fundamentals or cash flows, human opinion is the only thing relevant.
It's also not really created out of nothing. A lot of real work goes into making bitcoin a thing. Electricity isn't made by magic.
On top of that people seem to forget that market caps aren't real. Just because no holder of X is willing to sell for less than Y, and nobody is willing to buy X for more than Z does not mean all X is worth Y each or Z each or anything in between. The real value of all Z is impossible to know but probably less than Z each.
Then they bail out the shorts who have been driving done the price for ages. GameStop also file some form for a shelf offering for 100M with the SEC recently. Note the 100M is dollar amount, so you want to sell when you know the stock is at peak, you will get the 100M but less stock unit.
Everybody hates shorts, but if you can sell for $40ish today vs $5 6 months ago and $20 last week, and you need/would like some cash, and you have a shelf offering ready to go, why not sell today?
If the price goes up to $80ish next week, then maybe issue some more shares to sell at that price too.
Continuously issuing shares leads to dilution(https://en.wikipedia.org/wiki/Stock_dilution). This has a ramifications for board members like Ryan Cohen who wants to change the company trajectory and also tend to have a downward effect on the share price.
> Then they bail out the shorts who have been driving done the price for ages. GameStop also file some form for a shelf offering for 100M with the SEC recently. Note the 100M is dollar amount, so you want to sell when you know the stock is at peak, you will get the 100M but less stock unit.
Can I be honest: its exactly this kind of BS that puts me off so much about the legacy Market systems; these systems create fake paper wealth that is intertwined with so many convoluted jargon, and twists and turns to give things the veneer of it being a Capitalist undertaking but all it really is central bank enabled gambling frenzy that requires bail outs when it all blows up.
How is this desirable, let alone sustainable, to those of you that I sincerely believe can see the obvious grift unfolding before your eyes for what it is?
I'm pretty sure most of it is stimulus checks or spare change from shit jobs and nothing much to spend extra money on other than gambling on Robinhood. People on WSB think 29 = "boomer", gives you the flavor.
People still don't get this. BLM protests, Capitol riots and now GameStop short squeeze. Social Media orchestrated historical events works and will continue to in the future. Dismissing or betting against them is asking for pain.
At least in terms of the capital markets we know this isn't really unique to our times. The roaring 20s bubble was in part attributable to the invention of radio and the ticker tape - those things are mass media as well. The scale may be unique, let's take account after it's over :)
