r/WallStreetbetsELITE

An organization can sense and act on its own, but it has always had to borrow its reasoning from the humans it employs. Palantir's ontology hands it a living model of itself, AI supplies the capacity to reason over it, and together they might give the enterprise a functional intelligence of its own.

Hard to feel bad for the magat suckers. These same will be first in line at the polls to vote republican in the midterms. The cult of ignorance is strong with the deplorables.

“Nearly 1 million people who bought President Trump’s memecoin have lost money through the end of June, according to a report by the cryptocurrency analytics firm Nansen. Their losses total $3.81 billion.
The analytics firm’s assessment was calculated this week after Mr. Trump signed an annual financial disclosure showing that he walked away with a $636 million payout on the same crypto bet”

You never really know the fund's holdings structure or allocation ratios, and the "hardworking" fund manager keeps rebalancing — because as he said, he can completely overhaul the portfolio at any time. On top of that, management fees, transaction costs, and the hidden costs of chasing highs and panic-selling at lows mean it always drops more than individual stocks in a downturn and rises less in an upturn. He trims positions that could go up and adds to ones that could go down. Rinse and repeat.

Lesson learned: Cross-market funds, especially those with a focus on non-US stocks, are absolutely not worth touching.