Waldowal@lemmy.world to Economy@lemmy.world · 1 year agoTrader who predicted 2008 financial crisis bets $1.6bn on stock market crash by end of 2023www.independent.co.ukexternal-linkmessage-square16fedilinkarrow-up138arrow-down16 cross-posted to: [email protected]
arrow-up132arrow-down1external-linkTrader who predicted 2008 financial crisis bets $1.6bn on stock market crash by end of 2023www.independent.co.ukWaldowal@lemmy.world to Economy@lemmy.world · 1 year agomessage-square16fedilink cross-posted to: [email protected]
minus-squareganksy@lemmy.worldlinkfedilinkarrow-up42arrow-down1·1 year agoGuy who won Powerball bet all his winnings on Powerball tickets
minus-squareLemmyLefty@lemmy.worldlinkfedilinkarrow-up31·1 year agoWith the caveat that just by announcing he’s doing so, he introduces more fear into the ecosystem, which tilts it in his favor. It’d be like if, by buying a shitload of tickets, you actually got 1.01 tickets for every 1 you bought.
minus-squareNeuromancer@lemm.eelinkfedilinkarrow-up11·1 year agoAnd his name gives him credibility. You always hear about his big wins. You don’t hear much about his big losses.
Guy who won Powerball bet all his winnings on Powerball tickets
With the caveat that just by announcing he’s doing so, he introduces more fear into the ecosystem, which tilts it in his favor.
It’d be like if, by buying a shitload of tickets, you actually got 1.01 tickets for every 1 you bought.
And his name gives him credibility. You always hear about his big wins. You don’t hear much about his big losses.