Roaring Kitty and the Oracle of Omaha may have more in common than you think. GameStop Corp.'s wild ride this year shows how. It's only March and already the video-game retailer's stock has had two epic rallies and one stunning collapse this year, a product of rampant speculation and a short squeeze. While many investors have been bruised by the day-to-day stock movement, Keith Gill — better known as "Roaring Kitty" on YouTube and a favorite of the Reddit crowd — has been able to profit from the stock-price volatility by putting his emotions aside and placing well-timed, reasoned bets amid the frenzy. In this way, he's taken a page from fabled value investor Warren Buffett and may serve as an example to other investors looking to minimize the damage from what may be further violent market swings. Read the whole thing. The U.S. Is Headed to a Showdown Over Taiwan — Max Hastings Texas and Georgia Are Paying the Price for Sprawl — Conor Sen Crypto's Rising. So Are the Stakes for Governments Everywhere — Bloomberg's editorial board Goldman CEO Wants His Bankers Back at Work — Matt Levine Ray Dalio Makes Sense But He's Talking His Own Book — Marcus Ashworth Sanjeev Gupta's Grand Designs Should Have Been a Warning — David Fickling Hong Kong's Latest Covid Surge Began in a Gym, So It's Targeting Kids — Anjani Trivedi Should I Stop Talking Now? Why We're So Bad at Conversation — Andreas Kluth Trump's Last-Minute Bitcoin Rule Hits the Wrong Mark — Aaron Brown This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion published this week based on web readership. |
Post a Comment