this thread is for posting matt levine quotes in

JPMorgan made money that it did not, you would have to say, "deserve" to make

Probably what *this* should be called.
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Re: this thread is for posting matt levine quotes in

Post by Blissful » Mon Jul 26, 2021 4:10 pm

Jeb Bush 2012 wrote: Thu Jul 22, 2021 6:39 pm Musk: I bought some Dogecoin in a college savings account for my child Ethan, I mean, X Æ A-Xii.

Dogecoin: [goes up to $0.76]

Musk: But Tesla will not accept it as payment for our tequila.

Dogecoin: [goes down to $0.61]

Musk: Also the Boring Co. will start digging Dogecoin mines.

Dogecoin: [goes up to $0.72]

Musk: But my brother Kimbal has been selling Dogecoin.

Dogecoin: [goes down to $0.68]

Musk: But my ex-wife’s cousin’s nephew bought some.

Dogecoin: [goes up to $0.69]

Musk: Nice.
lol
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Re: this thread is for posting matt levine quotes in

Post by Jeb Bush 2012 » Wed Jul 28, 2021 6:28 pm

You start out as an intern just making copies and getting coffee — “aboard Barrack’s private planes, Grimes would graciously serve tea and crackers, and was sometimes called upon to book restaurant reservations” — but if you work hard and are a good team player you will rapidly progress. You’ll get face time with the boss, take on increasing responsibility, be put in front of clients, lead your own deals — Grimes “was also president of a related special purpose acquisition vehicle” — and, if everything works out just right, you’ll end up charged in the same federal criminal prosecution as the boss. That’s how you know you’ve made it.

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Re: this thread is for posting matt levine quotes in

Post by Rylinks » Thu Jul 29, 2021 5:56 pm

And yet when I think of Robinhood, well-capitalized prudent risk management, careful regulatory compliance and 100% reliable technology are not the first things I think of. If Robinhood becomes its own high-frequency trading firm it will be really fun to watch?

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Re: this thread is for posting matt levine quotes in

Post by Rylinks » Fri Aug 06, 2021 1:39 am

“Stock prices discount the expected future cash flows of operating businesses,” naive beginners think, but those who are enlightened know that stock prices are actually just a side effect of weekly call options, an entertaining online gambling product. Why.

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Re: this thread is for posting matt levine quotes in

Post by Rylinks » Thu Aug 12, 2021 5:20 pm

Nothing stops an activist at another company from trying to run the meme-stock playbook. Buy some stock in a struggling company and, instead of going out and pitching your plans to BlackRock and Vanguard, get on Reddit and say like “if my board slate is elected we’re gonna take XYZ Co. to the moon and squeeze those short sellers, rocket emoji rocket emoji rocket emoji, not a proxy solicitation, read my SEC filings for full disclosures.”

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Re: this thread is for posting matt levine quotes in

Post by Doug » Thu Aug 12, 2021 5:23 pm

I can't tell from your posts how you feel about these quotes, and I don't know enough about the market to have my own feelings about them
It's your turn in Cthulhu Wars
It's your turn in Squirrel Wars
It's your turn in Demon Wars
It's your turn in Wall Street Wars

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Re: this thread is for posting matt levine quotes in

Post by Rylinks » Thu Aug 12, 2021 5:24 pm

usually my feeling is 'lol'

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Re: this thread is for posting matt levine quotes in

Post by Ashenai » Thu Aug 12, 2021 5:24 pm

They are funny, he thinks they're funny, the market as a whole thinks it's pretty funny

efb

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Re: this thread is for posting matt levine quotes in

Post by Rylinks » Fri Aug 13, 2021 6:27 pm

About an hour following Poly Network’s announcement of the hack, the perpetrator attempted to move stolen assets through the Ethereum address into Curve.fi, but the transaction was blocked. The hackers continued trying for about 20-30 minutes before an anonymous user sent the hackers a message on the blockchain that USD Tether had been blocked.

The user told the hackers to try depositing the stolen tokens without Tether, which the hackers did successfully and they deposited all the addresses into Curve. The hackers then sent the anonymous user about $45,000 worth of ethereum for their help.
If you see someone in a ski mask outside of a bank stuffing bags with dollar signs on them into a getaway car, and you notice that they have dropped some of the bags in their haste to stuff them into the car, it is only polite to stop and help them pick up the bags.[2] And then it is only polite for them to give you one of the bags with dollar signs on them as a thank-you for your help. Everyone in Crypto Town is so friendly, but also so many of them are bank robbers.

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Re: this thread is for posting matt levine quotes in

Post by Blissful » Mon Aug 16, 2021 4:02 am

Doug wrote: Thu Aug 12, 2021 5:23 pm I can't tell from your posts how you feel about these quotes, and I don't know enough about the market to have my own feelings about them
rylinks is laughing at his own posts and good jokes, because he himself is Matt Levine
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Re: this thread is for posting matt levine quotes in

Post by Blissful » Mon Aug 16, 2021 4:02 am

i also do this, but i am not matt levine
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Re: this thread is for posting matt levine quotes in

Post by Shiny Days » Mon Aug 16, 2021 12:38 pm

Blissful wrote:i also do this, but i am not matt levine
sounds like something a matt levine would say

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Re: this thread is for posting matt levine quotes in

Post by Ashenai » Mon Aug 16, 2021 6:49 pm

it actually sounds like the opposite of that

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Re: this thread is for posting matt levine quotes in

Post by Jeb Bush 2012 » Mon Aug 16, 2021 8:52 pm

"I am matt levine, but I don't do this"

yep, checks out. show him through

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Re: this thread is for posting matt levine quotes in

Post by Rylinks » Sun Sep 12, 2021 1:34 am

Improving corporate governance! Imagine being the corporate governance expert at the SoftBank Vision Fund! You’ve been playing video games for two straight years but now finally you can spring into action. Apparently companies should … make money … and … not give absolute power to whimsical self-dealing founders, check.

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Re: this thread is for posting matt levine quotes in

Post by Rylinks » Mon Sep 13, 2021 9:16 pm

Is AMC Entertainment Holdings Inc. a growth stock or a value stock? Well, no. It’s a meme stock. A growth stock trades at a high multiple because its earnings are growing quickly. A value stock trades at a low multiple because its earnings are growing slowly. A meme stock trades at a high multiple because it is funny.

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Re: this thread is for posting matt levine quotes in

Post by Rylinks » Fri Sep 17, 2021 4:44 pm

I am a long-time skeptic of “financial literacy” education, which consists essentially of giving people quizzes about compound interest as a substitute for a decent social safety net.

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Re: this thread is for posting matt levine quotes in

Post by Ashenai » Fri Sep 17, 2021 4:55 pm

To teach children about the banking system, a U.S. primary school walked its students to a local bank where each opened a savings account into which each deposited $5. Implicit in this activity is the message that the bank is trustworthy. Another bank then acquired that bank and charged all low balance accountholders a monthly maintenance fee that wiped out the children’s savings.

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Re: this thread is for posting matt levine quotes in

Post by Khaos » Fri Sep 17, 2021 5:17 pm

lmao

now that's a good lesson

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Re: this thread is for posting matt levine quotes in

Post by Blissful » Sat Sep 18, 2021 2:16 am

Khaos wrote: Fri Sep 17, 2021 5:17 pmnow that's a good lesson
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Re: this thread is for posting matt levine quotes in

Post by Skeletor » Sat Sep 18, 2021 7:36 pm

hey! that's matt levine quoting someone else!
wow, [you]. that all sounds terrible. i hope it gets better for you

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Re: this thread is for posting matt levine quotes in

Post by Jeb Bush 2012 » Sat Sep 18, 2021 8:16 pm

this thread is for posting when matt levine quotes

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Re: this thread is for posting matt levine quotes in

Post by Jeb Bush 2012 » Tue Oct 05, 2021 2:24 am

Don’t be afraid to follow your dreams, kids, if your dreams are (1) to be an investment banker and (2) to be a DJ; that specific combination seems fine.

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Re: this thread is for posting matt levine quotes in

Post by Rylinks » Tue Oct 05, 2021 5:01 pm

Good throwing book! Hardcover, 304 pages, about a pound, intellectually hefty. When you clonk someone on the head with “The Hard Thing About Hard Things,” they know that you are serious about building a transformative business and willing to make difficult managerial decisions, like the decision to throw a book at them.

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Re: this thread is for posting matt levine quotes in

Post by Rylinks » Wed Oct 06, 2021 6:04 pm

At some point there is likely to be some controversy between Robinhood and the SEC in which the SEC says “Robinhood are some lawless hooligans” and Robinhood says “actually the SEC are some lawless hooligans.”

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Re: this thread is for posting matt levine quotes in

Post by Ashenai » Wed Oct 06, 2021 9:11 pm

imagine not being a lawless hooligan in current year

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Re: this thread is for posting matt levine quotes in

Post by Rylinks » Mon Oct 11, 2021 4:37 pm

Are you buying illegal drugs on a message board? You might get the drugs, or you might get arrested, hard to say. Are you buying a missile launcher on a message board? You are definitely getting arrested, nobody is selling a missile launcher on a message board, that is cops.

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Re: this thread is for posting matt levine quotes in

Post by Luna » Mon Oct 11, 2021 8:48 pm

let me also tell you about girls on the internet

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Re: this thread is for posting matt levine quotes in

Post by Rylinks » Thu Oct 14, 2021 5:40 pm

Anyway the actual point of the article is that a lot of these uncapped wells are spewing methane into the atmosphere and contributing to global warming, but I mostly wanted to talk about the financial engineering.

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Re: this thread is for posting matt levine quotes in

Post by Rylinks » Mon Oct 18, 2021 5:53 pm

Sober professional fundamental investors turn out to have overreacted to short-term news. Crazed Reddit retail investors took the long view, acted as the buyer of last resort when stocks were on sale, and were rewarded for it.

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