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Cake day: November 6th, 2024

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  • Its all losses on paper, unrealized losses.

    I could see them all coming out ahead in some other way, tax minimization, write downs/write offs, other financial methods not accessible to normal people that don’t have a fleet of accounts and tax lawyers on retainer. And they’ll all be ready to profit massively during and after any future crash.

    The cynic in me says that they all have a bunch of call/put options, algorithmic high frequency trading and dark pools at the ready, or other bets that’ll make them massively rich and any upcoming stock market crash is calculated and planned by influencing a bought president. Maybe that’s giving them too much credit but the people that advise these billionaires and the president are definitely ready to profit off of whatever is coming.