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You guys haven't even scratched the surface of the BWM wormhole that is Star Citizen. There's stories of one guy (a moderator on the SC subreddit) that's spent $25k. He's on disability for bipolar disorder and his wife is leaving him for it. This game is going to cost so many people their marriages. Apparently Chris Roberts also spent $20,000 on a coffee machine. And Star Citizen crazies are defending it:  Now rumors are saying Roberts (who tried to make it in Hollywood and went broke, hence his return to gaming) has spent 8 figures getting A-list celebrities to 'star' in the cutscenes for the game. Oh, and he hired his model wife with no background in marketing to be SVP and is paying her close to 7 figures.
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Oct 7, 2015 18:33
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Ban all goons that contributed.
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Oct 7, 2015 18:35
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Comrade Flynn posted:Oh, and he hired his model wife with no background in marketing to be SVP and is paying her close to 7 figures. Pay2Win so CR can Pay2Fuck.
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Oct 7, 2015 18:38
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quote:For a legion of old-school gamers, the pitch was a symphony of dog whistles. One of those fans was Wulf Knight, a 39-year-old IT professional. The original Wing Commander had been a formative experience for him; it even taught him a trade. “I had to learn DOS to get it to run on my old 286 PC,” says the blond-haired, bearded Knight, who online goes by the handle Accelerwraith and offline lives with his wife and two cats in Madison, Wisconsin. “Chris Roberts launched so many IT careers, it isn't even funny. And now, after 10 years, he's making another space sim? It's like Tolkien coming back from the dead!” I'm addicted to reading about this poo poo.
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Oct 7, 2015 18:57
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Running a perpetual vaporware company based on name recognition and a cult of personality is pretty good with money, it seems. "Investing" in one sounds really, really bad with money.
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Oct 7, 2015 19:05
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Comrade Flynn posted:I'm addicted to reading about this poo poo. Completely unrelated, but I had assumed that "Wulf Knight" was his online handle... and then I got to the part about "Accelerwraith." What a wonderful world we live in.
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Oct 7, 2015 19:13
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I generally read this thread as a good warning to being bad with money but StarCitizen is... that german word for enjoying others misery.
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Oct 8, 2015 01:07
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Schadenfreude.
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Oct 8, 2015 01:08
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^^^ Ignore this lying liar. Suspicious Lump posted:I generally read this thread as a good warning to being bad with money but StarCitizen is... that german word for enjoying others misery. "Lederhosen"
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Oct 8, 2015 01:09
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Cicero posted:Schadenfreude. http://forums.somethingawful.com/showthread.php?threadid=3683302
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Oct 8, 2015 01:26
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Does anybody have that link for the investment forum with the people melting down after that potential apple supplier's stock plummeted?
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Oct 8, 2015 16:52
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oxsnard posted:Does anybody have that link for the investment forum with the people melting down after that potential apple supplier's stock plummeted? http://forum.thecontrarianinvestor.com/index.php?threads/gt-advanced-technologies-inc-gtat.69/page-499
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Oct 8, 2015 16:56
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Star War Sex Parrot posted:I think it starts here when trading gets halted. This is pretty good.
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Oct 8, 2015 17:31
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the contrarian investor
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Oct 8, 2015 17:59
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making money is too mainstream, we're going to lose it instead
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Oct 8, 2015 18:00
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Star War Sex Parrot posted:I think it starts here when trading gets halted. What a bunch of stupid assholes! I can't stop reading this.
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Oct 8, 2015 18:00
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Star War Sex Parrot posted:I think it starts here when trading gets halted. This is so awesome. At a time when the market is delivering great returns, these dumbasses pooled all their money into the stock of an Apple supplier. I'm pretty sure no one makes money manufacturering Apple products except for Apple.
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Oct 8, 2015 18:21
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loving amazing.CIGTAT posted:BANKRUPTSY!!! borat99 posted:Can someone with experience on this matter explain what impact this could have on the stock and investors? bvb85 posted:So on this front I'm a newb.. bgshanghai posted:Sam. Its not possible, the long road to bankruptcy is something investors know about. Lenders issue warnings and suppliers start winding down shipments. We believe that there has been massive shipments of alumina in recent weeks. This is not a company going into bankruptcy. Please, posting like this is not responsible and double please...calm down and think of your heart!
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Oct 8, 2015 18:25
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It's definitely been posted in here multiple times, but every time around is always eye-opening.
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Oct 8, 2015 18:28
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The schadenfreude in that thread is spoiled a little by the people who ruined the futures of their unsuspecting parents, children, or spouses.
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Oct 8, 2015 18:31
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epenthesis posted:The schadenfreude in that thread is spoiled a little by the people who ruined the futures of their unsuspecting parents, children, or spouses. Looking up posted:I have just lost all of my retirement and all of my son's savings. My son has special needs and I have failed him in the biggest way, sorry for posting this but I am totally devastated!!
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Oct 8, 2015 18:38
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The GTAT thread by page 500 had the bankruptcy. But the poo poo had already hit the fan a month earlier when Apple announced the iPhone 6 without a sapphire screen. Go to page 319, before the phone announcement and you see people go from ecstasy to horror. http://forum.thecontrarianinvestor.com/index.php?threads/gt-advanced-technologies-inc-gtat.69/page-319 quote:But, for many of us here, its the end result, not so much the journey. We look at it as a once in a lifetime opportunity for financial security. quote:I won't be able to see the keynote event live because my mother wants to go have sushi to celebrate my results. quote:Puke epenthesis posted:The schadenfreude in that thread is spoiled a little by the people who ruined the futures of their unsuspecting parents, children, or spouses. There are a lot of blameless victims in this. But we can still find a measure of satisfaction in people throwing away all their money when they could have invested in almost anything else and made a good return. If only because public shaming might deter others from repeating those mistakes.
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Oct 8, 2015 18:51
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I just don't understand how it's not common knowledge that Apple has razor thin margins with their suppliers and that they cycle suppliers so that the suppliers don't gain any extra leverage. Investing in their suppliers will never be a good idea.
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Oct 8, 2015 18:55
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Forget the players, the story is one big advertisement for the #1 rule in smart investing - diversification. So many "I invested everything I had in this and now my family is destitute" posts.
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Oct 8, 2015 19:10
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Dillbag posted:Looking up posted: I love how this individual puts !! at the end. It just seems so inappropriate. Like he's super sad/guilt stricken in the first half of the sentence but then moves on to super saiyan shirt ripping angry.
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Oct 8, 2015 19:36
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This is the guy that pissed me off the most.wisconsincheese posted:Don't hate the player, hate the game. Anyway, I earned those shares, I bought most of them at around 3 before anybody even heard of sapphire screens, because I did my DD and understood their R&D efforts and that 2014-15 would likely lead to huge things and their technology would have value over time even if solar was in the tank. To invest basically all your net worth in GTAT at 3 when the stock is cratering and people are talking bankruptcies took some serious cojones but I knew this was a once in a lifetime opportunity and I would kick myself forever if I didn't go all in. Might have been slightly reckless and against all known investment strategies but with big risks, comes big rewards. He went all in with his mom's portfolio, knowing full well she'd (rightfully) flip her poo poo if she knew he'd done it.
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Oct 8, 2015 19:38
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"slightly reckless" In the same way that playing Russian roulette with a Glock would be "slightly reckless" It is a semiautomatic so as long as it is loaded and not broken, it always goes bang
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Oct 8, 2015 19:46
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Enos Cabell posted:This is the guy that pissed me off the most. There are a lot of insufferable idiots in that thread bragging about the price they bought in at and their positions. People posting patent diagrams and pouring over every iPhone rumor without any understanding of how much pressure Apple puts on its suppliers. One guy on the eve of the iPhone 6 announcement was asking for tips on the next sub-$10 tech stock to invest in. Because it's just one score after another. So while it sucks for the families of these dumbasses, if Tim Cook had walked out on that stage positively covered in sapphires while exclaiming 2014 was the year of the sapphire, many of those people would have just funneled their windfalls into the next sure thing until they eventually lost it all. They were always going to lose it all. It was just a matter of when. Krispy Wafer fucked around with this message at 03:07 on Oct 9, 2015 |
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Oct 8, 2015 19:57
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Bad with money - lowtax's server bills.
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Oct 9, 2015 03:05
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The Mandingo posted:Bad with money - lowtax's server bills. Topical!
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Oct 9, 2015 03:06
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re: stock picking, this article is always good.The Guardian posted:Investments: Orlando is the cat's whiskers of stock picking
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Oct 9, 2015 03:12
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If the cat out performed the managers for 3 years I'd be impressed. In fact replacing them all with cats is probably a good idea. At least they'd land on their feet when the market's down and they throw themselves out the nearest window.
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Oct 9, 2015 03:52
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Holy poo poo. Apple absolutely raped GTAT on that contracy. Looks like the company management and those "investors " both made the same basic mistakes lol. http://www.forbes.com/sites/chuckjones/2014/10/30/this-is-why-apple-did-not-want-its-gtat-contracts-made-public/ tldr: GTAT made furnaces to melt rocks and minerals into lenses and glass and poo poo. Apple came to them initially with the intention of buying a shitload of furnaces. Then Apple came back to the company later and were like "you know what gently caress that we don't want to buy these furnaces. How about instead you guys buy them and make a factory despite the fact you have no experience building components for consumer electronics. We won't pay any capital costs but we'll cosign for you on a giant loan. After that we might consider using you as a supplier (but we'll have no obligation to do so). Oh and also you can't sell any parts from this plant to anyone but us" And GTAT signed that contract. hahahahahahhaaa oxsnard fucked around with this message at 05:03 on Oct 9, 2015 |
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Oct 9, 2015 04:48
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Dear god why would anyone accept this:quote:Under the new structure, Apple would act as a lender and would have no obligation to purchase any sapphire furnaces, nor did it have any obligation to purchase any sapphire material produced by GTAT. How this is even legal I don't know. Apple should be investigated for company slaughter.  all around.
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Oct 9, 2015 07:10
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The siren song of "exclusive provider of [thing] for Apple" makes people do crazy stuff.
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Oct 9, 2015 07:21
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Well I assume that the exclusivity clause would be invalid if apple didn't choose to use them as a supplier. So the net effect is this company was forced to go into consumer electronics supply, but apple helping out with the loan gave them a better deal than they otherwise would have got, so it must have seemed like an okay opportunity? I know nothing about business but this is the only way I can rationalise that contract being a good idea.
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Oct 9, 2015 07:59
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Last week my fiance got fired from his first paying job ever (he is 30). Today he bought a $1400 phone. e: He had a temper tantrum because I walked in asked "did you really spend $1400 on a phone?" I didn't yell or say it harshly but I guess my body language was condescending. Soooo over/under on whether this is gonna work out? Switchback fucked around with this message at 10:06 on Oct 9, 2015 |
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Oct 9, 2015 09:58
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Switchback posted:Last week my fiance got fired from his first paying job ever (he is 30). Today he bought a $1400 phone. How long was he in the job?
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Oct 9, 2015 10:10
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Switchback posted:Last week my fiance got fired from his first paying job ever (he is 30). Today he bought a $1400 phone.  Sever! But seriously, have you tried talking to him about your feelings regarding his purchase, his motivation regarding his purchase, and his reaction to your reaction? But holy poo poo, why would anyone ever buy a $1400 phone? I mean, even if you can afford it, what's the upside compared to a $700 phone?
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Oct 9, 2015 10:14
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What phone costs $1400?!
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Oct 9, 2015 10:29
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