Mike

But I remember thinking,

I would have thought the founding CEO of what is possibly the most successful, what is almost definitely the most successful Whole Foods supermarket chain, grocery store chain in the world acquired by Amazon.

How did he have time to go in?

And he was at it a lot.

like the guy was there you'd go into whole foods and there would be this guy you know his name was not jeff i don't know what the handle was but uh that was made up by me folks but the other bit was i'm sure as true as the nose in my face you don't have to look far for ceos with too much time on their hands spouting useless stuff on chat boards now do you what are you saying

elon musk obviously tweets about 100 times a day like all right okay i thought you're talking about my beloved co-founder john trill he says nothing you know he's the quiet he's got all the burners that's right yeah his is his ga chat rooms okay good on enjoyed that um i'll go with one that is somewhat

you mentioned um mercedes there and i'm pretty certain i know which one you're going to go deeper on so this could be a good bridge one but this particular crazy story from the internet uh from the world of of stock exchanges is is quite recent and it's when hertz went bankrupt and its stock went up do you remember this i do yeah yeah

And we've talked about it in various forms over the years and movies have been made.

I think a lot of people know about the GameStop short squeeze.

But this particular story, I guess, kicks off in May 2020 when Hertz, the global car rental company, filed for bankruptcy.

And this is ordinarily the point at which a company's equity becomes completely worthless.

The boss comes out and they say, hey, guess what?

We're done.

We're bankrupt.

And the stock just falls to the ground.

And bankruptcy proceedings typically wipe out the shareholder entirely before creditors are made whole.

But nobody told retail investors that that's what happens when a company says they're bankrupt.

You don't buy shares within weeks of the filing where Hertz lodged all their paperwork.

as is due process, the stock climbed from 40 cents to three books, 70.

So what's that about a ninefold?