this post was submitted on 01 May 2025
510 points (95.9% liked)
Microblog Memes
7513 readers
4045 users here now
A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.
Created as an evolution of White People Twitter and other tweet-capture subreddits.
Rules:
- Please put at least one word relevant to the post in the post title.
- Be nice.
- No advertising, brand promotion or guerilla marketing.
- Posters are encouraged to link to the toot or tweet etc in the description of posts.
Related communities:
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
You don't need to personally own companies in those industries. The secret of insider trading is knowing what announcements will effect stock prices. If the government says that they're going to ban cigarettes, the value of tobacco companies will fall. If I know that the government isn't serious, and will never implement the ban, I can buy stock at a reduced rate safe in the knowledge that it's real value hasn't fallen.
If i run the government there's countless ways to profit from that insider knowledge. Gold prices go up when the stock markets are uncertain and people are worried about financial choas. So, I could buy lots of gold ($2300 an oz in Jun 2024), then make some wild decisions and statements so that the markets start panicking, and watch the gold price rise (peaked at around $3400 last month) . So I sell my gold for a substantial profit, and dial back a bunch of the most wild policies and stuff goes mostly back to normal, but I'm a lot richer.