Submitted by Jackd2thaTits t3_z8ey1u in wallstreetbets
whboer t1_iyd8mey wrote
Reply to comment by Fat_Pig_Reporting in Michael Burry by Jackd2thaTits
That Is assuming you know what to do with said information. Fund managers have this info, yet the average fund manager underperforms SPY on a consistent decade long period, and those folks have been taught to actually understand business fundamentals and valuation. I’ve seen degens here gamble away 1m+ in SPY calls, to the point that I’m wondering how these folks were ever in the position to have such vast capital- and how unfair it is, knowing so many intelligent, well-intended and talented people who grew up poor and will require their entire lives to break out of it and put their genes into a better class within society just to give their future generations a chance at freedom.
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