Intellectualizing in Circles
Armstrong & Getty One More Thing
Armstrong & Getty
4.8 • 815 Ratings
🗓️ 1 February 2021
⏱️ 15 minutes
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Summary
Some smart talk about stuff, and we listen...and then talk about it.
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Transcript
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| 0:00.0 | Smart people talking about one of the interesting stories of our lifetimes. |
| 0:03.2 | It's one more thing. |
| 0:04.8 | Armstrong and Getty. |
| 0:06.4 | One more thing. |
| 0:11.6 | You know, it's probably a mistake that on February 1st, 2021, we did not mention at all the whole GameStop story. |
| 0:20.1 | What is going on with the stock today? |
| 0:21.5 | I haven't looked at it. |
| 0:22.2 | Has anybody? |
| 0:23.5 | Relatively muted and I think down decently earlier today. |
| 0:27.9 | I don't know what the latest was. |
| 0:29.9 | It's down about 25% today, yeah. |
| 0:31.9 | And I saw some headline that Robin Hood is still restricting some stuff. |
| 0:36.3 | Yes. |
| 0:37.5 | So. Yeah. So. |
| 0:39.0 | Yeah. |
| 0:39.6 | Just for update on my current opinions, I feel like it's, it's less likely that shady, quote, unquote, backroom phone calls were made. |
| 0:49.0 | And it's more about a fundamental lack of scale in their business model where they just, they just couldn't |
| 0:55.7 | handle it. They couldn't afford to keep processing trades they were. Now, whether or not that |
| 1:02.7 | bill was called in because of my aforementioned shady backroom phone call, I don't know. I think |
| 1:08.0 | the time will tell as investigations go forward. But as I was diving in this |
| 1:13.3 | past weekend to try to learn more about it, I stumbled, I discovered a podcast that featured |
| 1:19.3 | Chamath Palapitaya. Again, I hope I'm pronouncing that correctly. The guy looking to possibly |
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