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arthur_affect's profile
Arthur Chu
Arthur Chu
Arthur Chu
Verified account
@arthur_affect

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Arthur ChuVerified account

@arthur_affect

Mad genius, comedian, actor, and freelance voiceover artist broadcasting from the distant shores of Lake Erie (he/him)

Broadview Heights, Ohio
arthur-chu.com
Joined August 2009

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    1. Dr. Ellie Lockhart. Republic serial villain.‏ @BootlegGirl 30 Jan 2020
      Replying to @LizardOrman

      I know, I just figure if I was a day trader, I'd figure "China, the country of, again, billions of people, will probably have this under control in a month" enough to not start selling every holding with any connection to the country

      2 replies 1 retweet 2 likes
    2. Orman‏ @LizardOrman 30 Jan 2020
      Replying to @BootlegGirl

      If you're a day trader, selling now to dodge a fall that will take until next month to recover from is exactly what you do. You're thinking of actual investors

      1 reply 0 retweets 3 likes
    3. Arthur Chu‏Verified account @arthur_affect 31 Jan 2020
      Replying to @LizardOrman @BootlegGirl

      Yeah that's exactly the point I'm trying to make "Fundamental investors" like Buffet says you should be are the exact opposite of day traders be day traders cause most of this movement

      1 reply 1 retweet 3 likes
    4. Arthur Chu‏Verified account @arthur_affect 31 Jan 2020
      Replying to @arthur_affect @LizardOrman @BootlegGirl

      By definition, a day trader has no opinion on the actual underlying business of the companies they're investing in (which is why Buffet hates them) It's all a game where they're placing bets essentially on how all the other day traders currently feel

      1 reply 1 retweet 6 likes
    5. Arthur Chu‏Verified account @arthur_affect 31 Jan 2020
      Replying to @arthur_affect @LizardOrman @BootlegGirl

      The connection to the actual real world economy is only theoretical Their relationship to "real" investors is adversarial and is a kind of "keeping each other honest" relationship

      1 reply 1 retweet 3 likes
    6. Arthur Chu‏Verified account @arthur_affect 31 Jan 2020
      Replying to @arthur_affect @LizardOrman @BootlegGirl

      Like the argument is if you banned day trading entirely like Buffet has jokingly proposed then the market could stagnate and the old boy network would *never* sell stock even as the real company was going bankrupt in order to deliberately slow economic change

      2 replies 1 retweet 2 likes
    7. Tyris‏ @tyrisstark 31 Jan 2020
      Replying to @arthur_affect @BootlegGirl @LizardOrman

      …and would that be bad for anyone other than old boys?

      1 reply 0 retweets 1 like
    8. Arthur Chu‏Verified account @arthur_affect 31 Jan 2020
      Replying to @tyrisstark @BootlegGirl @LizardOrman

      Well... yeah, you couldn't prevent an economic crash this way, just prolong it You can't actually force people to keep on buying buggy whips when no one has horses and buggies anymore

      1 reply 1 retweet 2 likes
    9. Arthur Chu‏Verified account @arthur_affect 31 Jan 2020
      Replying to @arthur_affect @tyrisstark and

      Propping up the price of the buggy whip company indefinitely sounds like it's protecting jobs or whatever but it's just another complicated way for the big investors to steal money from the public

      1 reply 1 retweet 4 likes
    10. Arthur Chu‏Verified account @arthur_affect 31 Jan 2020
      Replying to @arthur_affect @tyrisstark and

      I think you misunderstand me, a stock market where everything's frozen in place obviously benefits the old boy network more than anyone else They already have all the good stocks

      1 reply 1 retweet 2 likes
      Arthur Chu‏Verified account @arthur_affect 31 Jan 2020
      Replying to @arthur_affect @tyrisstark and

      The people who are in favor of volatility present themselves as the rebels holding the big boys accountable and making it possible for some smaller scrapper to make a killing off of them when they screw up

      2:03 AM - 31 Jan 2020
      • 1 Retweet
      • 1 Like
      • Dr. Ellie Lockhart. Republic serial villain.
      1 reply 1 retweet 1 like
        1. New conversation
        2. Dr. Ellie Lockhart. Republic serial villain.‏ @BootlegGirl 31 Jan 2020
          Replying to @arthur_affect @tyrisstark @LizardOrman

          Which is theoretically possible. I played one of those stock simulation games as a school competition in high school. Apparently our regional competitors didn't read the news, so our strategy of "buy Google at IPO, short literally every other sector" worked

          1 reply 1 retweet 1 like
        3. Dr. Ellie Lockhart. Republic serial villain.‏ @BootlegGirl 31 Jan 2020
          Replying to @BootlegGirl @arthur_affect and

          But that's like the iconic "if only" scenario people imagine, which we only did with fake money

          0 replies 1 retweet 0 likes
        4. End of conversation

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