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bar1080

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bar1080

Re: None

Thursday, 01/28/2021 12:59:39 AM

Thursday, January 28, 2021 12:59:39 AM

Post# of 246
"GameStop: An Example Of Why Buffett Stopped Short Selling"

"Summary

* GameStop stock been the craziest trade of 2021, with shares surging to more than $220 after hours as of my writing this.

* Depending on whether they sell into the short squeeze, this may be one of the largest redistributions of wealth from Wall Street to retail momentum traders and corporate management in history.

* Wisdom from Warren Buffett and Charlie Munger about short selling.

"It just isn't worth it to have that much irritation in your life."

- Charlie Munger, on short-selling speculative stocks, Berkshire Hathaway 2001 annual meeting."

https://seekingalpha.com/article/4401299-gamestop-stock-example-of-why-buffett-stopped-short-selling

______________________________________________________________
Because the Good Life is Just a Pump or Two Away

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