It’s high time I write more about finance on this blog. Unlike the last time, when I wrote about the GameStop short squeeze of January 2021, I now have actual skin in the game. For the past three months, I’ve been getting into stock trading, and it has been both a blast due to the learning experience and a stressful experience due to the initially losing trades. I knew what I was getting into, but I didn’t know that I was going into a market that was scarred by the ravages of 2022. Let’s talk about bank runs and the ongoing nightmare of the 2023 market. (more…)
The Hans Niemann Chess Cheating Controversy
Pardon me while I put up a brief write-up on this months-old news as I’ve been following it for quite a while. I don’t really have anything new to say about it, but I find it so fascinating as an on-and-off chess fan over the years. I’ve followed Magnus Carlsen since he was 16, and his 2022 has been the most seemingly eventful year in his career due to how different it has been thus far. Meanwhile, Hans Niemann is a fascinating person for both the right and wrong reasons. This situation has been going on for the past two months and has only started to cool down as it has now resulted in a $100 million lawsuit. (more…)
WallStreetBets, GameStop, Robinhood, Dogecoin, WTF?
As you read this, you might’ve heard the news by now. Wall Street is currently in chaos, even more so than the #OccupyWallStreet protests of almost ten years ago. While that consisted of picketing and civil disobedience, which could be curtailed and discouraged by police action, this unprecedented event in Wall Street history is done by turning their weapons against them, thanks to an online community called WallStreetBets. (more…)