12 pointsby igonvalue11 hours ago2 comments
  • throwaway815236 hours ago
    Story here: https://www.mediaite.com/politics/conservative-economist-sco...

    Archive.is gives server error on the wsj url.

    TLDR: Musk fans bet that DOGE would cut government spending so the guy bet against them. He ended up betting around $342K (his liquid assets, not what most of us would call life savings) and hedged some of it later. Eventual result was he gained $128K.

    • fruitworks2 hours ago
      that doesnt seem like super great returns
      • camgunz27 minutes ago
        ~40% in a few months is epic
      • mindslight2 hours ago
        It ain't much, but it's honest work.
  • nubg7 hours ago
    Still gambling.
    • cweagans4 hours ago
      So?
      • taurath29 minutes ago
        The effects of gambling aren’t good. Been to a casino? They’re sad places. It should be illegal the same way heroin and fentanyl is. Lots of ppl use opiates, and most don’t end up ruining their lives and that of their families. But there’s quite a few who do, and those folks end up on the street, families break up, and you get a lot of petty crime, squalor, and health problems that your community ends up paying for one way or another. All to make some asshole getting paid from addicting people rich.