my boss said he doesn’t personally post here but some others might. and my boss thinks it’s cool that I’m a leftist, he’s one too, apparently, and that a bunch of our coworkers are leftists. some of them might post here?? it’s a finance firm – the last place I’d expect this. how the fuck do they have a positive opinion of this place??

YOU HAVE TO TELL ME IF YOU POST HERE AND WHAT YOUR @ IS. THIS IS SO UNFAIR LEAVING ME ON THE HOOK LIKE THIS. DON’T MAKE ME POST PPB TO THE WORK SLACK AND SEE WHO LAUGHS.

(I use tree style tabs so they can read my tabs when I share my screen – I didn’t hide this place because who the fuck has heard of hexbear)

  • Wheaties [she/her]@hexbear.netEnglish
    39·
    10 months ago

    I can’t remember where it was, but I was listening to an interview with a left-wing guy who worked for some sort of stock buying/trading company. He said his strategy was to just assume all the hype was bullshit and things were only going to get worse. Apparently he performed so much better than everyone else that his boss just assumed he was doing illegal insider-trading stuff.

    • redtea@lemmygrad.mlEnglish
      34·
      10 months ago

      Gary Stevenson became top trader in the world at one point by realising that capitalism is a shit show and betting on crisis after crisis. Has some good YouTube videos and I think it’s publishing a book this year.

    • GaveUp [she/her]@hexbear.netEnglish
      31·
      10 months ago

      Never trust anything a stock guy says to the public. Have you seen the stock market since post-2020 crash? Absurd gains

      • Wheaties [she/her]@hexbear.netEnglish
        19·
        10 months ago

        he had already left the industry by the time of the interview, but fair. second hand anecdotes should be treated as amusing fiction at best

      • sysgen [none/use name,they/them]@hexbear.netEnglish
        17·
        10 months ago

        Many/most reputable places that do this kind of trading have fixed whole market exposure, either long only or long/short (and a lot are long/short). The idea being that since it’s mathematically impossible for the average hedge fund to beat the market in the long term by much (tbf, less so since the rise of index funds), they should at least be able to provide returns that aren’t correlated to the stock market, as any idiot can get correlated returns.

        Besides, everyone knows that just because things are getting worse doesn’t mean number won’t go up - you’d typically trade on the belief that number go up in some more sophisticated way, perhaps by predicting what the fed will do to make sure number go up, or how the books will be cooked to make sure number go up.