The article linked above is a long read in reddit’s r/Superstonk, but very important if you’re interested in understanding the patterns in this algorithmic battlefield laid out against retail investors.
In layman terms, the price movement is misleading and wrong. There is no true “price discovery” in our American stock market, and the financial market news with expert advice — if you’re looking at any main stream USA media — is propaganda. Some truths are there, but the overall mission of conglomerate news media is to lead you to a destination of their choosing.
Come to your own decisions.
I’m no expert; only a highly curious individual who, at 12 years old, pointed out discrepancies between church actions and the Bible despiteand because my grandfather was a pastor at one church, my uncle a musical evangelist, and my mom a church choir assistant director (unpaid).
Follow your own intuition, and trust that everything is always working out, even when it seems like it’s not.
“The public was mislead by rumors about alleged interest payments. The international media also took the rumors for granted. Only the DMSA already recognized the default at that time and proved in a study that the bankruptcy of Evergrand, the world’s most indebted corporation, could ultimately lead to a “Great Reset”; i.e. the final meltdown of the global financial system.”
Businesses. People. Jobs. The ENTIRE US ECONOMY is built up or torn down by the self-interest of financial market makers who operate in shadows, utilizing complicated jargon, and trading to the fourth decimal to suppress and manipulate price movement.
The US does not have a “free market.”
So when the markets crash more violently than 2008, remember who did this: domestic, financial terrorists on US soil.
I didn’t take a “traditional” path towards investing and finance management, but then again, neither did Charlie Munger, Warren Buffet’s long time business advisor and partner.
I was trained to think like an anthropologist: one who studies people and cultures.
We anthropologists have been pretty shitty as a lot. Our whole discipline is built on noticing patterns to extract relevant, unique, and significant cultural knowledge for our own consumption. At worst, our knowledge is masterfully used to wage wars and justify harmful rhetoric and policies.
There is deep historical harm built into this discipline. Famous anthropologists are long gone, but the debate continues. The Samoan, Black communityand many others continue to be harmed by our past work, which is why I don’t identify as an anthropologist. Well, that and the fact that folks often think we dig up dinosaur bones. We don’t. 🙂
Paleontology: the study of the history of life on Earth as based on fossils. They work with dino bones.
Archeology: the study of the human past using material remains. Sorta like Indiana Jones.
Anthropology: the study of humanity through the application of biology, cultural studies, archaeology, linguistics, and other social sciences. That’s me!
To further confuse you, anthropology overlaps a lot with psychology and sociology.
What I do as an anthropologist, in combination with my other skill sets, is observe how people organize, identify, apply, and extract information to gain and create meaning and value. Essentially, I people watch to understand and anticipate with a strong degree of certainty how people might act and respond to various stimuli.
Even so, my life experience is different from another’s, and bias surrounds us all. Education never stops. I’m brutally honest with myself and others, so I lean towards utilitarianism as a growing activist investor.
As an investor, I want to create a world we want instead of merely existing in the one we have. I want everyone to live in a world where big money sincerely invests in the collective betterment for all; not just the global minority.
Because of this, I’m all in with GameStop (GME). Positions: Tiny, double digits, but in this crazy world, one ticket could win the lottery.
As an anthropologist, I deeply see how “money makes the world go round.” The frenzy around GME is pushing us into a new financial paradigm; hopefully one that centers the lives of sentient beings everywhere. It might even become a crazy, once in a lifetime event you’ll be telling your grandkids about. Only time can tell, but that’s the culture shift I’m focused on and moving towards.
After I downloaded my first brokerage app, Robinhood, the kids and I bought Dogecoin (DOGE) coin as a joke. DOGE is something they were already familiar with, and I wanted to get them excited about investing. It worked!
Almost every day, the kids would ask how DOGE was doing. When it moved from .05 to .06, the kids and I celebrated. Then when it moved from .06 to .08, I realized the power of investing. A movement of two pennies may seem minuscule, but magnified by just 100 stocks gave us a $2 bump. That adds up!
I woke up on the 13th and saw the price was moving swiftly to .11 cents, so I placed a limit order to sell if it hit .13 within the next 24 hours.
Sure enough, it printed (sale went through) and has been hovering around that range since. For various reasons which I’m not able to articulate yet, I suspect the penny markets are in a pump-and-dump scenario right now and will tank as soon as GameStop begins to take off within the next month or so.
While I do take risks, I do not like risky investments. I’ll wait until after the market explosion around GME before looking at DOGE again.
I haven’t told the kids I sold our DOGE coins. I wonder how they’ll feel when they hear I sold right after it spiked. I hope they can begin to see that investments can be fun and profitable when managed with healthy detachment. They may not yet understand how money is made from “thin air” — I’m still learning the basics, too — but I’m excited to continue learning with you all!
Disclaimer: I can’t and won’t give you my opinion on how you should act when investing. I am simply sharing my perspective and thought process through storytelling. I’ll also include links from Investopedia or Merriam-Webster when applicable to help broaden our collective knowledge.
Request: This is a new way of sharing and analyzing collective knowledge to make investing more accessible. Please help the community by adding any corrections/clarifications/questions in the comments. Remember there are no stupid questions. Asking them will help others (including me!) along the way.