How Not To Be Dumb Money

Gamestop Meme-ified Put Option Cookie Experiment Edition 2.0 “The stock market is a device for transferring money from the impatient to the patient” — Warren Buffett At first glance any Buffett-ism seems irrelevant to the bubblicious world of r/WallStreetBets and its short-termist meme-ified Gamestop trade. What does Gamestop have to do with value investing? Well, if you’re patient, a faculty in terribly short supply in Gamestop World, you may find free Alpha in out of the money Gamestop put options lying around waiting to be picked up. Consider this options trade as the adult version of the children’s cookie experiment: are…...