GameStop: of stories and storytellers

The Gold Standard

Right off the bat, if one wished to know the story of what really happened in the last few days with the GameStop stock, it is hard to beat the article that Matt Levine wrote. It is a great lesson in writing, simplifying concepts for a non-technical audience, keeping them engrossed and conveying the story, moving it along logically and cogently, etc. Read that, if you have not.

Now, we will come to the different lens that people have chosen to view the developments. That is as fascinating as the movie itself. There are multiple ‘Rashomon’s (‘Virumaandi’ in Tamil, produced and led by Kamal Hasan) playing out.

First, there is the article by people who believe in the value and information content that short-sellers bring to the market. I am one of those people. In that sense, what Melvin Capital was doing was not exactly a typical hedge fund does:…

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4 Replies to “GameStop: of stories and storytellers”

      1. I would too. They’ve made their point so why shouldn’t they collect their reward? The chance won’t come again.

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