Eric Balchunas
๐ค SpeakerAppearances Over Time
Podcast Appearances
I own a stock.
Wait, if it gets cut in half, where does the money go?
It goes somewhere else.
No, but I'm just making the point.
I own a stock called Shake Shack.
It fell 35% today.
Wait a minute.
I don't own it like professionally.
Is it a hedge?
Is it a hedge?
Yeah, it's a hedge.
It's a hedge against me being dangerously malnourished.
So that stock fell 30.
I don't think it closed down 35%.
But my point is that can happen to any stock at any time.
that ETF will lose half of the dollars in there in an hour.
And South Korea, the country will go into a Great Depression.
That's part of the fun.
I'm just making the point.
Oh, you know what else I was thinking about I wanted to ask you?