another short selling funfact is one of the most famous short sellers in history was this guy named Jesse Livermore who is most famous for his prediction of the 1929 crash where his successful (and secretly arranged) short positions resulted in him winning $100 million in 1929 dollars which resulted in him getting scapegoated and having to hire a full time bodyguard bc of threats to his life.
He also made money shorting the Panic of 1907 when the NYSE dropped 50% compared to 1906 highs and JP Morgan (as in the man John Paul Morgan) who used his personal money to bail out banks also personally asked him to stop or the economy was gonna collapse which he obliged at least at that time
Following the end of World War I, Livermore secretly cornered the market in cotton. It was only interception by President Woodrow Wilson, prompted by a call from the United States Secretary of Agriculture, who asked him to the White House for a discussion that stopped his move. He agreed to sell back the cotton at break-even, thus preventing a troublesome rise in the price of cotton. When asked why he had cornered the cotton market, Livermore replied, “To see if I could, Mr. President.”[9]
the dude nearly established a financial monopoly on American cotton and was told to come to the White House because the fucking President wanted to tell him to stop and was just like “i wanted to see if i could do it i guess”
Biden is replacing the Diet Coke Red Button with a new one that, when pressed, summons the same butler as before but now he’s holding a silver shovel and a puppy
So the other day my father walked into the frame of my sister’s video call, and asked me, quite angrily: “What’s the deal with bitcoin? You must now about that stuff, I had to buy you this big cryptography book when you were a teenager!“ but then there was something else on TV and he walked out again.
This week, I offered to explain the technical details behind bitcoin that make it different from regular online banking and the motivation/ideology/monetary policy behind these details.
He wasn’t interested. He was just a grumpy old man for a moment, angry at the TV screen.
This got me thinking. How do they explain what bitcoin is on the TV news?
The report said the changes in Bitcoin exchange were caused by institutional investors, but did not elaborate further. In 2019, the evening news explained that bitcoin saves the value of your money in a chain of late eastern Roman military leaders.
It’s as if sometimes the news are reported by people who think bitcoin is stupid, sometimes by people who have no clue what they are talking about and try to look smart, and sometimes by people who know exactly what they are talking about - but these people are trying everything they can to play dumb and explain it badly. Maybe they remember the dot-com bubble and want to keep regular people from trying to leverage themselves.
today, the news reported that emotet is a botnet that sends robots to hack into your computer, steals your address list and then writes emails in your writing style to everybody on that list which means you’ll have to pay ransom to stop your computer from sending more emails, which is juuuust the right amount kinda correct enough that you’ll never in a thousand years be able to explain actual emotet to joe from marketing
Am I just weirdly extremely adjacent to Thirsty Hockey Fan Tumblr for no good reason or is a significant portion of blue hellsite made up of thirsty hockey fans?
Am I just weirdly extremely adjacent to Thirsty Hockey Fan Tumblr for no good reason or is a significant portion of blue hellsite made up of thirsty hockey fans?
i remember seeing a wallstreetbets thread where people asked if it’d be feasible for the subreddit to buy enough shares of a company to take a controlling share and basically place an entire corporation under the control of a subreddit
The board consisting of DM_ME_LOLI_FEET, BigChungus69420, AssBlAsster, and 64723979820987989se7_Throwaway with President of the Board: xX_Game$Boy420_Xx
I was going to say, not the train?, but it seems like the cost is exactly the same but the train trip is 2.5 hours longer:
It seems like FRA-MUC is exactly the distance where HSR should be most competitive. Why isn’t it cheaper?
There’s one-way saver’s fares from ~35€, with a BahnCard you might have anyways you can push that to ~25€. It actually is fairly competitive (because MUC is quite far outside the city, so you gotta add basically 1h to the flight time as well) and I’ve taken the route multiple times.
MUC-FRA is a high-frequency business travelers route though, so it makes sense to have both types of transportation far enough but not too far apart (Bahn can maximize profits from smaller, more cost-sensitive companies while Lufthansa takes the corporate travelers).
Hey tumblr! I don’t get much stuff done when I’m on my own, and I want to change that. Does someone want to team up and be productivity buddies? We could, idk, give reports and motivate each other and exchange strategies. Sound good?
(my skype name is the same as my tumblr just message me here or there :)
One year ago today, I saw this post on my dash and, being in need of a productivity buddy myself at the time, sent an ask.
We started checking in daily and talking about our progress and productivity strategies. Then we started talking about other things. Then the amount of time we spent doing this gradually increased to several hours every day. And, well, things kept going from there, and now we’re both in the first Relationship of our lives and in 40 days we’ll finally get to see each other in real life.
Happy first anniversary, Julian. I love you.
P.S. I still need a ship tag.
Two years ago,
I just wanted some help with being productive; three weeks ago, I returned from another visit, already looking forward to the next one; and today, after two years of daily interaction only interrupted by lack of internet access, I still think writing that post was the best decision I made in 2015.
Rationalist tumblr is the best dating service, even for people who weren’t aware they had signed up for it.
Happy second anniversary, Taymon, I love you <3
The past year has been a bit harder than previous years, for both of us, I think. But I know I couldn’t have navigated it anywhere near as well without my partner supporting me every step of the way. And I’m hopeful that next year, we’ll be able to say that we overcame the difficulties.
Happy third anniversary, Julian. I love you.
Life is still difficult, but I continue to be very very glad we
have each other. Let’s continue to improve our lives this year. Happy fourth anniversary, Taymon, I
love you.
I think the typical relationship doesn’t last this long. Especially if it’s the first one (for both parties in our case), and especially when almost all of it has been spent an ocean apart. Even though we’re pretty different people in a bunch of ways, we seem to be pretty good for each other.
I don’t know what the future holds. But at this point, I think we can count on staying together for a while to come. And I can’t wait to see what comes of it.
Happy fifth anniversary, Julian. I love you.
2020 sure was a year, huh. I think we both weren’t hit as hard as others, but I will be forever grumpy about international travel being too unsafe for visits. Well, fuck you, plague, we’re still here and we will get to see each other again.
I know this year would have been much harder without you. Thank you for being there. I’m looking forward to how we will master the next one. Happy sixth anniversary, Taymon, I love you.
imagine you’re in a bitter argument with someone when you notice the lighting is a little weird and your voice is echoing as if it’s coming from a great distance and you realise to your horror that you’re in a goddamn flashback
my coworker Tobias is Bavarian. my coworker Barry is English, but lived in Munich for a decade, including six years together with a Bavarian language teacher. Barry speaks German with German people but not with Tobias; he is unintelligible, Barry says
in average
are photos
are videos
are texts
are gifs
are audio