The Pomp Letter
The Pomp Letter
"Have you robbed your billionaire today?"
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"Have you robbed your billionaire today?"

1

To investors,

I spent last night reading about what has recently transpired in the public markets between short sellers and Reddit users. While the actual events are fascinating, there are some very important market structure takeaways that are worth discussing.

First, here is what happened at a high level:

  • Reddit users on the /wallstreetbets subreddit ide…

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