Quote:
Originally Posted by Mazrim
Forgive me if this sounds cold, but I don't feel particularly sorry for those who have entire life savings wrapped up in the stock market. They pay these hedge funds or institutions to manage their money, so it's on those managers to know when to get in or out of something. If the only way these funds are growing is by gambling on (and pressuring) companies to fail to cover a short, then perhaps it's not a good system to be relying on for your retirement?
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I'm not saying that the managers are irresponsible with their strategies; however, people posting in this thread for the most part do not have a good understanding of the stock market (myself included). Why should we expect someone who is just looking for a "safe" place to grow their savings to have such knowledge?
Now what about pensions, that person relies on a pension fund, which is chosen by the company or union to place their money with investors, who then, in turn, relies on the investor/fund. The person who has their pension has 3-4 degrees of separation between them and who chooses these strategies, with no control.
Are the hedge funds doing the bad things? Yes. They probably aren't breaking the laws though, in fact, some of WSB probably discussions skirt pump and dump laws. And the screw the hedge funds rallying calls on WSB, well they are not screwing the investors, they will collapse and start a new fund, and still get paid millions. They screwing those who invest in the fund.
The more I see on WSB, that place is just as bad as the investors that shorted GME over 100%.
