The film, which dramatizes the GameStop short squeeze of 2021, finds heroism in an unearned place. Plus: a new documentary explores Malaysia's wild 1MDB scandal.
"This is…all wrong. Betting it all on one stock is never a smart or responsible investing strategy, and neither is having a rigid ideological commitment to holding the stock, no matter what happens. To imply, as the movie does, that these people are entitled to have their strategy pay off and never have the stock go down, is just laughable."
I saw it differently. To me, I thought the film made it very clear that what the retail investors in GameStop were doing was very obviously foolish, and not something to emulate or attempt in one's own life. But just because it's foolish doesn't mean it won't/didn't work.
And I never perceived the idea that they were "entitled to have the strategy pay off". That it did pay off (for most, but not all, of the retail investors) strikes me as a matter of "they wouldn't have made this movie if everybody was wiped out".
"This is…all wrong. Betting it all on one stock is never a smart or responsible investing strategy, and neither is having a rigid ideological commitment to holding the stock, no matter what happens. To imply, as the movie does, that these people are entitled to have their strategy pay off and never have the stock go down, is just laughable."
I saw it differently. To me, I thought the film made it very clear that what the retail investors in GameStop were doing was very obviously foolish, and not something to emulate or attempt in one's own life. But just because it's foolish doesn't mean it won't/didn't work.
And I never perceived the idea that they were "entitled to have the strategy pay off". That it did pay off (for most, but not all, of the retail investors) strikes me as a matter of "they wouldn't have made this movie if everybody was wiped out".