"Gutsy Traders Make $1.5 Billion Triple-Leveraged Bet on Nasdaq 100" [0]

This was Monday morning when it was trading ~$40. It is at $53 now. What is 20% increase on $1.5 Billion? $300,000,000.

[0] https://www.msn.com/en-us/money/markets/gutsy-traders-make-1...

I wonder how many executive branch staffers and their kin and kind bought the dip?

It's a pretty gross thing to think about.

That doesn’t make sense to me.

Money is not an end. It’s a (one) tool to get there. To the ends you want. To some sort of change in the world you want to achieve.

On that front this is incoherent. I vote incompetence.

I think you're operating in Marx's C-M-C circuit. Nothing wrong with that, of course (I'm that way too).

A lot of the finance folks work in an M-C-M' world, where Money (M) is the alpha and the omega, so you see this kind of (IMO) perverse behavior.

I've found this mental model helpful in explaining these kinds of behavior.

>Money is not an end. It’s a (one) tool to get there. To the ends you want. To some sort of change in the world you want to achieve.

Maybe for the overwhelming majority of the population, but it simply isn't the mindset of the billionaire class that supports Trump.