Mania defined… pic.twitter.com/L6YOBGmM96
— Charlie Bilello (@charliebilello) August 12, 2020
Companies make stock splits to lure in people who don’t know what a market cap is.
Basically robbing amateurs.
— Hoz (@Hoz94s) August 12, 2020
-JPM Prime Brokerage: Net Exposure: Level at 99%-tile since Jan-2018
-GS Prime Brokerage: Net leverage at 77.4% (99th percentile)
— Lob Wedge Cap (@vader7x) August 11, 2020
Stock splits are intuitive. Many investors mistakenly believe there’s more upside on a $1 stock than a $1,000 stock.
In the words of Yogi Berra, “You better cut the pizza into four slices, I’m not hungry enough to eat six.”
— David Schawel (@DavidSchawel) August 12, 2020