this post was submitted on 16 Oct 2023
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DRS Your GME
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Your talk about cargo cults and scientists got me thinking about Richard Feynman, the physicist who coined the term cargo cult science. Imagine that Feynman was invested in GameStop during the short squeeze. What would he do? Fenyman wouldn't just listen when the press said, "Forget GameStop." He wouldn't just shrug his shoulders and dismiss this as some bizarre fluke. He had an insatiable curiosity. And he took nothing on authority. Feynman would take this thread and tug and tug on it until he got to the truth.
Dead-guy fanfiction is also not an argument.
'Ignore the media, pull this thread and get to the truth!' is what all conspiracy wank sounds like. On very rare occasions it has some basis in reality. But most of the time it's just people who aren't very good at evaluating information making a hobby out of confusing one another.
What happened here is complex and weird and involves rich assholes, but there's no version of it where you will make money on this dying company. The root is and will always be that Gamestop is a mediocre business in a market that might cease to exist. It briefly had quite a lot of money, because people saw it gaining money and threw in more money, like that proved it was making money - and it still bombed. No amount of chin-stroking and back-patting will ever amount to making this a sensible or worthwhile investment. You need actual reasons, and what you keep posting instead are narratives. Excuses to escalate commitment, dig in your heels, and confirm existing bias.
Without namedropping someone smart: why do you care?