If You Build It…They Will Bet Parlays – Sunday Reads And Listens
Stocktwits is planning a celebration of the best people and products in trading and investing, the Cashtag Awards. The event will be held on April 30th in NYC and live streamed on our platform to an audience of hundreds of thousands in the finance community.
Good morning everyone.
Before I get started….as I have been saying here since I launched the ‘Degenerate Economy Index’ please do not shoot the messenger. (Also – I have added small positions in new holdings $UBER and $DASH (Doordash) as the index took it on the chin this week.)
Onward….
My friend Joe McCann who joined us on ‘Trends With Friends’ this week, says there is one rule of the internet and that is ‘it can NEVER be satisfied.
How true.
Today, with and AI infused internet and an ‘everyman for himself’ culture all roads lead to the lowest common denominator! What I mean by that (Max Goldstein who runs Stocktwits video content coined this), is we now speed immediately to the most degenerate outcome. We have seen this play out with executive orders flying from our King. The Trump, Melania, Milei and Portnoy memecoins were therefore inevitable and the activity and profits flowing in gambling, vaping and trading are just getting started.
I am reminded of this scene from ‘Field of Dreams’:
‘If you build it they will come‘…
In 2025 I would change the name of this movie to ‘Field of Degeneracy’ and ‘if you build it, they will bet parlays‘.
It is hard to put the degeneracy back in the box. The SEC backed off of Coinbase this week and the crypto and AI czar is Elon’s best pal.
Katie Perry and Robinhood are ready for this new world…
earnings calls looking more and more like post-game pressers
— Katie Perry (@katieeperry)
2:39 PM • Feb 19, 2025
Palantir is ready too:
This is insane…
$PLTR insider transactions in 2024:
• Buys: $0
• Sells: $3,104,510,822.09Only retail is buying 👀
— Stocktwits (@Stocktwits)
3:02 PM • Feb 19, 2025
The good news is it has never been easier to learn how to play the games and actually play the games. The tools for investors to learn, prepare and play the games are endless. The bad news is investors and consumers are now on their own. If you play and lose there is likely no backstop.
Dave Nadig sums it up well in his post ‘Trust in a black hat world’.
Now that we are not going back, you have three choices:
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Don’t play
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Play poorly
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Learn to play, get the best tools, set up the best filters and don’t be the bagholder.
The sooner you start doing less stupid things and finding ‘white hats’, the better.
Have a good Sunday.
