Why I bought GameStop under $10 a share

Sound Investing · Feb 3, 2021 · 1h

Paul Merriman is amazed at the interest in GameStop. People he's known for years and never had an interest in the stock market are getting involved…. only emotionally for most, but for many both emotionally and financially. In this podcast, Paul explains the difference between going “long" and ‘short” in the market, and what drove him to buy GameStop when it was selling for under $10 a share. He addresses the problems with short selling and why the unit-of-return per unit return stinks. If people are happy to see hedge funds fail, they should be happy to learn that only about 5% of hedge…