Are they responsible for every single person who gets screwed along the way in a multi billion dollar empire? Hate to break it to you but there is a graveyard a mile deep, of people who got hosed by every single billionaire, along the way to their success, there is no billionaire who would come out of that kind of judgement clean. If i had to guess id say Gates and Buffet, and Soros were smart enough to avoid it..... and not quite vain enough...... to think they could make a difference in politics, and they realised their entire life would be ripped apart, thats why most billionaires stay on the outside. Trump was vain enough, to just want the presidency, probably didnt give a shit about making a difference, but the reason you dont see billionaires, who would frankly make better presidents, is because of the fact that they dont want to be destroyed in the media, and the president doesnt even make much of a difference, other than a few regulations, nothing that Trump or Obama ever did will make much a difference its just a pendulum that swings back and forth every few years.
When the market goes up every single day, and you have ridiculous shit happening in the crypto and weed market happening on a daily basis, the money is pretty easy man, i more than doubled my best month last year in the first 4 days of this month, this has been my best month by a large multiple...... in a long long time, though now i do hope for some kind of a pullback. The VXX has been a poor judge of volatility lately because its become such an obvious short, when large caps like NFLX are putting in 25%+ moves in a month, there is tons of easy money out there, i hear ya, id rather see a down market, but at the same time, when BTFD works 99 times out of 100, and all you need to do is buy, it becomes pretty easy. Algos changed the game, i only started in like 2004 or 2005, so i wouldnt know, but old timers are telling me that this market is better for them than the tech bubble, cause the tech bubble had pullbacks, and all kinds of crazy action, this market only goes 1 way now thx to algos.........
I'm sorry but I gotta call you on this.. no drive by, I just need some proof.. Old Timers are telling you that this market is better than the tech bubble? Find me 1 old timer, just 1.
LOL, the play on his name is super funny! Millenium was better too, but it didnt last...... Heres to hoping the market finally cracks if even only for a few days, cause it will finally give a chance to short UVXY and TVIX which hasnt happened in years......... Used to be free money shorting day three of a rally on the leveraged volatility instruments, but these days it struggles to even close on the highs. Reason the ES wont crack for any significant amount is because algos instantly arb the VXX and the ES back into line....... until something significant happens to blow that trade up we are just headed on a straight line.
Shorting a company's stock is not quite the same as taking the company out. Let's not compare it to LBO Trojan-horse-like tactics of destroying it from within by making managerial decisions to suck the juice out of it.
The whole point about the good shortsellers like soros is they are able to lean on companies or banks, or currencies, when the company needs financing, good shortsellers absolutely do destroy shitty companies when they are teetering on insolvency and they need to raise cash. I dont have a problem with it but im willing to call a spade a spade. You going to tell me when Soros broke the bank of England (Somewhat of an urban legend) no jobs were lost?
A number of the going concerns that Bain took apart and destroyed were not shitty companies. They had been in business for a long time, continued profitably but were vulnerable because the composition of their balance sheets met LBO pillaging criteria. We had covered all this, in detail and with company names in ~2012. As for Soros and the Bank of England, the central bank was pursuing a flawed monetary policy that was unsustainable and, thereby, already hurting the country. It can be argued that Soros' trade brought about the needed change more quickly. https://www.investopedia.com/ask/answers/08/george-soros-bank-of-england.asp
Bain took apart a bunch of manufacturing companies that were in the death spiral, but they were able to do it because at first they were able to fix the balance sheet, what Bain did is no different than what Soros did, bottom line when a company is teetering on insolvency, you can either cut it into pieces, or hold it to zero, i dont know of any billionaire who made a point of holding it to zero. Maybe you can show me the examples of the winners of held it to zero...... Dick Fuld held it to zero....... but im not sure i could say that was winner....