Michael Burry made only 489%?teenagers on biz make more than tripple that, why don't big investment firms ask for adv here?
>>25945026Try doing it with hundreds of millions
>>25945026Technically, you’re considered a genius to be able to that.Most people at max during their lives make 10-50% gains max on investments A 100% gain is incredible to them
>>25945026real-world assets != shitcoin
>>25945052it's easier to do with hundreds of millions because you can manipulate shit more and also mentally if you lose 90% of it you still probably have a few $m, for us the punishment is waging for another 10 years to replace the losses i.e. retiring at 90 instead of 80.
>>25945026Shitcoins didn't exist in 2005
>>25945026liquidity, niggerprice fucking impact
>>25945026They do lurk here but they don't admit they monitor what autists are getting into, or else all the gate keeper credentialing would be shown to be worthless.
>>25945026>Why yes Mr. Bergowitz I put 100% of our $1 million dollar mutual fund into GME stock because this guy called coom cat told me it would go to the moon>What do you mean I'm fired and you're sending me to a mental hospital?The answer is that even when it works the logic used here to buy shit is so massively divergent from institutional investors that it isn't applicable.
>>25945108it's not easier lol, you can't just manipulate price and expect everyone to see the value there. if that were true literally everything wouldn't ever stop going up.
>>25945105>real-world assets>financial derivativesAnon, pick one and only fucking one.
>>25945077I made 2000% with parsiq (factually the most legit project right now), are you saying im a genius? >>25945108>>25945103>>25945052>>25945117>Try doing it with hundreds of millionsthen just put in less money? same resultsfucking kek i've never seen replies come in this quick, so this is how it feels to accidentally make a good thread
>>25945026Get in on some pajeet scheme extremely early and leave at the right moment and boom you just made 100x your investment. So when's the interview with forbes coming?
>>25945135>not listening to coom cat Rookie mistake. Stay poor
How much longer would it have taken for all of his shorts to become liquidated? A year?
>>25945255I'd listen to coom cat but the shlomo running your mutual fund wont.
>>25945162>parsiqAre you Indian by chance?
I think Barry is based as gell. Look at gamestop. He was a buyer at like 5 bucks. Look at it today. Would love to short Tesla with him and watch his glass eye routine while jamming to metal
>>25945521nah, german actually. i take it you don't like the coin/project, I'd be interested to know why
/biz/ made +10.000% on LINK, they should seriously make a film about us.
>implying any of these retards actually made this money and doesn't just let it vanish by thinking a +500% paper gain isn't enough to cash out
>>25945026>Why yes I did take the company's assets and invest them in chainlink token as recommended by Mr. Assblaster >No sir you don't understand it's the the forth industrial revolution>Sir we are the link marines >No I did take my lithium today that's besides the point It's one thing when you're managing your own money. It's another when you're doing it for others.
>>25945706i unironically hope this happens
>>25945162>so this is how it feels to accidentally make a good threadLurk more you piece of shit, all the threads you make should be good and get replies because they're interesting and spark good conversation.>>25945135The real problem is that "institutional investors" really don't know what they're doing. If you read Fooled By Randomness and that one book Michael Lewis wrote (not the big short) you can see they're just making it up as they go and ripping off stupid rich people. Only a very few (Taleb, Ed Thorpe, Burry, Buffett, Graham) actually know what they're doing with investments.As for us, the reason we're successful is solely because we're first and the big institutions haven't started putting every shitcoin development project in a walled garden like venture capital did with tech startups. Even though any of us in six figure hell is qualified to be an angel investor, we're not even allowed to at this point for legitimate startups. So here we are, out on the fringe in the mud digging up diamonds and posting memes at each other in the meantime. I'd honestly rather be here than be in a NYC skyscraper working for ***s and pretending to be something I'm not.
>>25946180>Lurk more you piece of shitfuck off i barely make threads, last thread i made was shilling prq at 0.008 and 0.01it almost hit $1 recentlyall my threads were 10/10, now i decide to shitpost and shit gets more replies than giving away invaluable information
>>259450261. Money managers are not allowed to take risk2. More money = more risk management required. Getting +10% of 1000 is only $100, getting +10% with 10m is 1m 3. It can take large trades days or even weeks to fill because of liquidity 4. Money managers are rarely allowed to short5. money managers are required to have certain amounts of alpha and beta, you don’t have complete freedomTl;dr you’re literally retarded and I’ll bet 5k you lose everything within two years
>>25946180just read the rest of your post, sorry for insulting you fren, didn't mean it
>>25945026Teenagers for the most part do not make 489% on several hundred million dollars.
>>25945706>>25945819It'll be called $1000 EOY and they'll steal our memes.>>25946345It's okay, I'm extra sensitive right now because I'm sick and tired of seeing thots on the front page and 1 post by this ID bullshit threads. If moderation actually gave a shit about the site anymore they'd be banning faggots who make bad threads even if they don't violate any of the big rules and spend more time deleting bad threads.
>>25945108it's not easier. that wasn't even his money it was his investors and they fucking hated him for the trade. imagine the brass balls required to put that much of other people's money on the line and if you're wrong you destroy your reputation and lose millions, potentially even end up in lawsuitsway more emotional than throwing a 5k bag at the biz shitcoin of the month
>>25946457god your posts really left me thinking, assblaser really was a geniusI like larping as a one for being early (no it wasn't luck) but i just trusted in what smarter people than me were sayingbiz is a special place, it's just fucking filled with the most vile shit and even worse peoplebut if you look past it, it's the best place to hang out and discuss everything investingmaybe there is a reason why this became a crypto board.. something like "something something the free market chose the best way to make money"just wish there were more people like (you)
>>25946457>>25947098Kiss already you faggots.
>>25945026> 489%? I pulled +1'000x-es on shitcoins.
>>25945819Holy shit, no there does not need to be a movie about us. Can you imagine the flood of normies? Yes I am normie but fuck all. you guys do the work so I dont have too.
>>25945026Everyone here's gotten at least one 50x so it's not hard. But he did it with other people's money, not his own. Imagine being such a chad that you can convince wealthy investors to give you their money and hold through losses into the promised land. We shouldn't compare him to us retards but to Sergey (blessed be his name).
why did it make me laugh, kek. Fuck seething shillers
>>25945026haha what a retard
>>25947312What would a /biz/: the movie even look like? We don't have a physical presence. Also wallstreetbets would get one before us because they have more millionaires.
>>25947172OP truly the biggest fag
>>25947495Wouldn't want to inspire with an answer to such questions. Ima stay privately greedy. Fuck the rest.
>>25946180It's okay, you can say the word here
>>25945026he risked 100s of millions of dollars of other peoples money to short the banks in one of the greatest financial catastrophes in the united states of our recent age and he walked away with 489 percent in traditional finance, yeah im thinking FUCK OFF and BASED
>>25945026Made 9600% on STA kek burry my dick in your anus michael
It’s a lot harder to get 400% on hundreds of millions of dollars than it is on a 5k account. People here almost rope themselves when they lose 99% of their account on a scam coin or buying weekly calls. Imagine if instead of only losing 5k you lost 300m.
>>25948512Shorting is also a shitty game. He was right, and because he was right he couldn't let his gains ride because the very people he was shorting were the ones supposed to pay out. He had to cash out or risk not getting anything at all as events continued to transpire.
>>25948314Not just that, but the fucker took a lot of those losses because the ratings agencies were to scared of downgrading the bonds that THEY KNEW WERE SHIT. All because then Wall Street wouldn't come back to them if they did. Barry shorted the entire system, and still came out on top. Blessed be aspergers.
>>25947965Actually no I can't, not worth another 3 day ban for naming.
>>25945144>everything wouldn't ever stop going up.Lol umm
>>25948891name them sir
>>25945077people are dumb
>>25947495Their movie would not stand the test of time. Ours would be a cult classic.
>>25947495it's in post-production
>>25948620He ate shit for 2 years because he was early. Same thing is happening to Tether right now. It’s just a matter of time. Greed will keep people buying until the house comes crashing down.
>>25945026>clearly hasn't heard of UNN
>>25946180Did you even read fooled by randomness? Geez
>>25945052I can, with flash loans on aave.
>>25945077Seriously? That's sad
>>25945144Imagine if you short a 100 mil mc coin with 10 million dollars that has really good fundamentals. It will probably dump a huge amount in price, then the whale can just pick the prices back up - huge sell walls will probably be way below where he sold at this point and he will make a steady 5-10% profit on millions thanks to swingies
>>25953002Yeah thats how it was before crypto came around.Penny stocks were the shit version of crypto with even more boomer scams