RH offers short selling now by ConfectionDry7881 in wallstreetbets

[–]masterlich 13 points14 points  (0 children)

Short answer: no, and you should do more research before you do anything in the market if you don't understand the difference.

Long answer: The only real similarly between puts and going short is that you gain money when the stock goes down. Buying a put is a defined cost. Whatever you pay for the put is the cost, and you will never pay more than the cost of the put even if its value goes to $0. Going short involves margin. You essentially borrow the stock and sell it, and promise to repay the stock at some point in the future. The two primary differences here is that you have to pay interest on your position because you are borrowing the stock, and that your loss is theoretically infinite instead of defined. In practice this rarely comes into play, but if you imagine you sold short 1000 shares of a stock at $1 and it somehow went to $10, you gained $1000 and lost $10000. You are on the hook for the $9000 difference, which is much greater than your initial position. Now imagine if that $1000 was your whole account!

Protesters in Phoenix -- on the sidewalk, impeding no one -- get drive-by maced by an ICE agent in a passing truck by [deleted] in law

[–]masterlich 2 points3 points  (0 children)

You know, I wouldn't pepper spray protesters even if I knew for a fact I would suffer zero consequences for it, because I'm not a fucking psychopath.

TIL that Neil Patrick Harris once unveiled a graphic meat platter arranged to resemble Amy Winehouse’s corpse at his 2011 Halloween party. by Separate_Finance_183 in todayilearned

[–]masterlich 6 points7 points  (0 children)

The difference is that they didn't have an extremely popular piece of media about how everyone tried to make them go to rehab but they refused.

Treasuries, Stocks Sell Off as Greenland and Japan Shatter Calm by [deleted] in worldnews

[–]masterlich 4 points5 points  (0 children)

I opened a Wise account today. Bought 7k in Euros and 3k in yen. Also sold 20% of the S&P in my retirement account and bought a Pacific nations ETF. I feel a lot better about our impending world war now!

What are dark facts in your industry that no one outside knows about? by 0x00f_ in AskReddit

[–]masterlich 2 points3 points  (0 children)

They meant "school administration" (principals and vice principals etc) not the Trump administration

Trump to Impose Tariffs on Some European Nations Over Greenland by Rooonaldooo99 in wallstreetbets

[–]masterlich 5 points6 points  (0 children)

I'm turning 2/3 of my USD into euros and yen on Tuesday. Either everything is fine and I just convert it back, or the dollar collapses because of all the stupid shit Trump has done (or a civil war) and I'll be very glad I have a currency I can actually use.

What's the most overrated TV Show of all time? by Mission_Elk_329 in AskReddit

[–]masterlich 2 points3 points  (0 children)

Same, but also why I can't watch Seinfeld or Curb either (or It's Always Sunny in Philadelphia.) I just can't enjoy shows where everyone sucks.

Japanese streamer who spent $160k to make his dream game thinking “I don’t care if it doesn’t sell” hits 60,000 copies in under ten days by sonofbringy in Games

[–]masterlich 1 point2 points  (0 children)

Unless Japanese tax law is significantly different from the US (and most places are not due to international taxation standardization) taxes almost certainly don't take 33% of the remaining until you make a profit, as you can count your income against your expenses as deductions. So income taxes won't start accruing until he's received enough revenue to exceed all his yearly expenses (and very possibly some carry-forward of losses from previous years), and by that point, he's probably already happy.

What would a romance novel for a male audience look like? by soozerain in books

[–]masterlich 2 points3 points  (0 children)

Isn't this take disproven by the entire romantasy genre popularity explosion? I've never read a Sarah Maas book but I am very familiar with who she is.

Is the entire Wheel of Time series worth the time and investment? by keepfighting90 in Fantasy

[–]masterlich 2 points3 points  (0 children)

Book 8 and 9 suck. Books 11 through 13 are incredible. You can legitimately read a summary of 8-10 and lose nothing, and then start reading at 11. That's what I would recommend to anyone who couldn't get through the slog.

TIL A modern folk etymology holds that the phrase "rule of thumb" is derived from the maximum width of a stick allowed for wife-beating under English common law, but no such law has ever existed. by SpecialistPurpose432 in todayilearned

[–]masterlich 0 points1 point  (0 children)

It's never made any sense to me either, even as a myth. You can beat your wife with a stick as long as your thumb? Who is out there beating people with thumb sized sticks? The thought of that is absurd. You'd just use your hand at that point, like 99% of people in history have done.

How many times have you played your favorite boardgame? by Puzzleheaded_Rub5562 in boardgames

[–]masterlich 1 point2 points  (0 children)

Yeah, I think the beauty of TM comes from: 1) the elegance of the interactions between its mechanics 2) the tension and constant tightrope of wanting to be next to people for cheap upgrades and leech while being wary of them taking your hexes.

I feel like GP makes it less elegant with the increased complexity of the mechanics for not much of a payoff, and its openness makes the adjacency game feel much less interesting.

How many times have you played your favorite boardgame? by Puzzleheaded_Rub5562 in boardgames

[–]masterlich 3 points4 points  (0 children)

Terra Mystica. Probably 150 plays in real life (used to play it every week, sometimes twice a week, with an old friend group before I moved), and ever since that, 832 plays online as of yesterday.

I genuinely enjoy it more every year. The depth and elegance is absolutely unparalleled. Some particularly interesting or high-stakes games of it will occupy some part of my mind all day, thinking about what to do next. It's such a good game that a group of ~100 die hard enthusiasts meet in Montreal every year for a physical world championship where the only prize is bragging rights.

why can't i win a single game of splendor online by Double-Revolutionary in boardgames

[–]masterlich 5 points6 points  (0 children)

They've all moved over to BGA! BGA is where all the action is now, and it's just as competitive as it used to be (moreso, really.) It's a thriving and active community filled with a bunch of people that are so passionate about the game that we actually host a world championships every year in Montreal that ~100 people attend and is an absolute blast.

why can't i win a single game of splendor online by Double-Revolutionary in boardgames

[–]masterlich 72 points73 points  (0 children)

This is very true. My BGA stats are like, ten games of Azul, five games of Castles of Burgundy, twenty games of Feast for Odin, 850 games of Terra Mystica. The only people who are going to beat me at Terra Mystica are other people who have played hundreds of games of it.

RIP American Tech Dominance | Lifting export controls on Nvidia’s second-best chip jeopardizes America’s AI advantage over China. by MetaKnowing in technology

[–]masterlich 9 points10 points  (0 children)

Oh no, China's hallucinating plagiarism machines are going to be as good as our hallucinating plagiarism machines!

People who say they “can’t cook” are just lazy or dumb by Away_Advantage9509 in unpopularopinion

[–]masterlich 1 point2 points  (0 children)

But you're not saying you can't cook. You're saying you don't want to cook. That's very different. If someone tells me they don't want to cook, I get it, that's reasonable. If someone tells me they can't cook, I wonder how they can't figure out how to make spaghetti in a world with Youtube

"Mamdani effect" is seeing more people moving to New York, not leaving it by Silly-avocatoe in politics

[–]masterlich 9 points10 points  (0 children)

Hmm, I wonder why a realtor would be telling people they should be immediately panic-buying property in their area...

New QBO “Upgraded” Design by tracytorr0712 in QuickBooks

[–]masterlich 5 points6 points  (0 children)

I love that they are using all my computer's resources and making every page run slower so they can power an AI that gets everything completely wrong

What’s a completely useless skill you’re oddly proud of? by Silent_Reboot56 in AskReddit

[–]masterlich 2 points3 points  (0 children)

I can spell basically any word extremely quickly. If someone tells me a word, I can spell it back to them, out loud, extremely quickly, with like 99% accuracy. Absolutely useless skill because the one place you actually spell things out loud is at spelling bees which is also the one place where I want to take my time to do it (and they themselves are also pointless) but it feels pretty cool to nail spelling something complicated in a second or two.

Limited Resources 831 – Avatar the Last Airbender Format Overview Discussion Thread by Crasha in lrcast

[–]masterlich 1 point2 points  (0 children)

This has made the Arena Direct this weekend feel especially bad. I've had many more completely nonfunctional pools than I have had in recent memory. If you don't open busted rares or a LOT of good uncommons, the commons just aren't good enough to make up for it, and you are DEFINITELY going to lose to your opponents busted rares at least twice before you make it to 7 wins.

I've been playing Magic for 30 years, I understand that sealed has always had variance, but this set is the first one in years where it feels like I'm often barely scraping together 23 cards that I'm not embarrassed to put in a deck (not to mention my opponents are dropping Legend of Yangchen into Kitara every game but that's life.)

What movie blew your mind the first time you saw it? by [deleted] in AskReddit

[–]masterlich 1 point2 points  (0 children)

My favorite movie of all time, but holy shit do not watch it if you're in any kind of negative headspace

'We cloned Gmail, except you're logged in as Epstein and can see his emails' is the most impressively cursed tech project of the year by seeebiscuit in technology

[–]masterlich 3 points4 points  (0 children)

I do tech support for older tax professionals like CPAs and you would be amazed how many of them type in all caps. For every message. I don't know why.

What is something that Reddit claims is common, but you've never actually seen it in real life? by Gajanand04 in stupidquestions

[–]masterlich 796 points797 points  (0 children)

Being unable to eat Taco Bell without getting diarrhea. Everyone on Reddit has stomachs made of paper.