Yes, it's called Lobbying. That was the point of my comment.
149 karma · joined September 25, 2020
Oh, that's easy. Lobbying is legal, bribery isn't.
This true in China where most mining happens?
As much as VCs would love to convince you they are oracles, the "Pros" often fare hardly better than chimps throwing darts at a board to pick investments.
And not so famously the 90%+ of entrepeneurs who failed and lost everything.
Survivorship Bias is sooo rampant in SV.
That's not at all verified. Short interest is still well over 100% of float. The only thing you are going off is a poorly sourced CNBC report with wishy washy language from Plotkin.
https://www.ft.com/content/8be64f49-7c90-4fae-8370-c5c5c96d8...
TLDR Melvin Capital is already down 3.75 Billion 3 weeks into 2021...
Because everyone with an internet connection and half a brain knows that the shorts are totally screwed if the WSB turds keep buying.
The SEC disagrees
https://www.cbsnews.com/news/robinhood-sec-fine-65-million/
"Federal officials said that between 2015 and 2018 the company only partially explained on its online FAQ page how it makes money, omitting details about its largest revenue source — trades. Robinhood takes a user's stock order and sells it to a larger trading firm that executes the trade, a process known as "payment for order flow," the SEC order states."
They're clearly worse. Forums don't have algorithms constantly running trying to hijack your brain stem to keep you scrolling and clicking links...
"Briefly stated, the Gell-Mann Amnesia effect is as follows. You open the newspaper to an article on some subject you know well. In Murray’s case, physics. In mine, show business. You read the article and see the journalist has absolutely no understanding of either the facts or the issues. Often, the article is so wrong it actually presents the story backward—reversing cause and effect. I call these the “wet streets cause rain” stories. Paper’s full of them.
In any case, you read with exasperation or amusement the multiple errors in a story, and then turn the page to national or international affairs, and read as if the rest of the newspaper was somehow more accurate about Palestine than the baloney you just read. You turn the page, and forget what you know.”
Did you read your own comment? There's a reason people dismiss those fields because they are largely anti-scientific and produce results that don't hold up under scrutiny.
The bottom line is that as a Layperson it would be extremely difficult to vet the validity of any given paper let alone whole journals.
Yeah Janet Yellen the famous Marxist... wtf??