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Talking stocks, trading, and investing in general - Page 667

post #9991 of 11163
Quote:
Originally Posted by GreenFrog View Post

Rich or poor, that doesn't invalidate any individual's hardships.

Ummm, yes it does. At the end of the day he's a filthy rich man who could never work another day of his life and still live more lavishly than 99.9% of the world. Compared to someone on the other end of the spectrum his "hardships" are a blessing. If you really think they're comparable then you severely lack perspective.
post #9992 of 11163
Quote:
Originally Posted by dizzy View Post

Ummm, yes it does. At the end of the day he's a filthy rich man who could never work another day of his life and still live more lavishly than 99.9% of the world. Compared to someone on the other end of the spectrum his "hardships" are a blessing. If you really think they're comparable then you severely lack perspective.

It sounds like you're oversimplifying everything. So just because he's rich as fuck, his stresses, hardships, and feelings of failure are completely null and invalid?

If the richest man on earth has his heart broken because the woman he thought he loved betrayed him for money, his heartbreak is completely invalid because he's rich?

Get outta here. Rich people have problems too and just because they're rich doesn't invalidate them.

Edit: and to add, by that token, all us Americans should shut the fuck up with our first world complaints because you know, there are starving African kids out there. None of our issues are valid, right?
post #9993 of 11163
Lol, you're the one oversimplifying things by ignoring the contextual differences between the situations. I'm sure he also experiences feelings of stress and failure, but he's also worth 2.6 billion dollars. He doesn't have to worry about losing his home, feeding his family, providing for them. All of that is covered many times over. We were talking about his fund doing poorly. We were talking about an insanely rich man becoming slightly less insanely rich. You think that's comparable? Really??? Being wealthy comes with it's own set of problems, but they're nowhere near as serious as the ones that come with being poor. And if you think wealthy white men have trouble with women then you really know nothing about the world.
post #9994 of 11163
GreenFrog, take your emotional warrior bullshit to a Millennial safe space.
post #9995 of 11163
Quote:
Originally Posted by dizzy View Post

Lol, you're the one oversimplifying things by ignoring the contextual differences between the situations. I'm sure he also experiences feelings of stress and failure, but he's also worth 2.6 billion dollars. He doesn't have to worry about losing his home, feeding his family, providing for them. All of that is covered many times over. We were talking about his fund doing poorly. We were talking about an insanely rich man becoming slightly less insanely rich. You think that's comparable? Really??? Being wealthy comes with it's own set of problems, but they're nowhere near as serious as the ones that come with being poor. And if you think wealthy white men have trouble with women then you really know nothing about the world.

Nah, I'm not honing in on his diminished wealth. I'm specifically targeting how shitty he must be feeling after having bad trade after bad trade.

That's valid. You buy a stock or short one due to a thesis and have it backfire completely on you? That feeling of shit is valid for anyone, no matter how wealthy you are.

That's what I'm getting at -- not that he's worth less money now.
post #9996 of 11163
Quote:
Originally Posted by GreenFrog View Post

Rich or poor, that doesn't invalidate any individual's hardships.

Have some empathy. That's why I no longer react to your consistently poor display of emotional intelligence. I empathize for your situation and how you came to be the person you are.

Eh, lightning strikes your dog out of the blue. Empathy.

Born into poverty or with some significant disability. Empathy.

You're an arrogant fuck who has made many millions gambling -- partially with your own money, partially with others', and you have several of your bets go against you despite striving mightily to influence the outcome in each instance. Not so much.

If we wanted, he could get on the Pio retirement plan and punch a no-stress clock every day. Not what he chose.
post #9997 of 11163
I for one would not mind taking over his hardship of turning billions into millions by way of VRX.
post #9998 of 11163
Shrug.

All I'm saying is I can relate to how I think he must feel.
post #9999 of 11163
Quote:
Originally Posted by GreenFrog View Post

Shrug.

All I'm saying is I can relate to how I think he must feel.

$5 says he lacks the self-awareness and humility to feel regret, chagrin or remorse for gambling away tons of other people's money and places all the blame elsewhere.
post #10000 of 11163
Quote:
Originally Posted by idfnl View Post


Twice, actually.
There is no room for either sympathy or empathy in this space.

Did you read the book and any literature on structured finance?

 

In reality these were all systematic failures, not a grand conspiracy. 

post #10001 of 11163
Quote:
Originally Posted by GreenFrog View Post

Nah, I'm not honing in on his diminished wealth. I'm specifically targeting how shitty he must be feeling after having bad trade after bad trade.

That's valid. You buy a stock or short one due to a thesis and have it backfire completely on you? That feeling of shit is valid for anyone, no matter how wealthy you are.

That's what I'm getting at -- not that he's worth less money now.

Sure he feels shitty, but you think that loss carries the same weight as someone watching their 401k get wiped out? The feelings may be the same but the degrees to which they are felt are quite different. Have you ever heard of diminishing marginal utility?
Quote:
Originally Posted by GreenFrog View Post

Edit: and to add, by that token, all us Americans should shut the fuck up with our first world complaints because you know, there are starving African kids out there. None of our issues are valid, right?

My point is that his issues are trivial, not invalid. Same as our first world problems. Are you also going to take the stand that being hungry at your office job is the same as being hungry on the plains of Africa?
post #10002 of 11163
Quote:
Originally Posted by MSchapiro View Post

Did you read the book and any literature on structured finance?

In reality these were all systematic failures, not a grand conspiracy. 

I've read enough to feel dangerous, and I never said there was a grand conspiracy. Though calling it systemic is equivalent to when politicians say 'mistakes were made'. It was certainly more than systematic.
post #10003 of 11163
Lmao is GF trolling or is he serious
post #10004 of 11163
Military coup unfolding in Turkey...
post #10005 of 11163
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