{"id":4937,"date":"2022-03-03T16:37:44","date_gmt":"2022-03-03T15:37:44","guid":{"rendered":"https:\/\/costops.com\/index.php\/2022\/03\/03\/moneys-all-belief-the-docuseries-unravelling-the-gamestop-chaos\/"},"modified":"2022-03-03T16:37:44","modified_gmt":"2022-03-03T15:37:44","slug":"moneys-all-belief-the-docuseries-unravelling-the-gamestop-chaos","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/03\/03\/moneys-all-belief-the-docuseries-unravelling-the-gamestop-chaos\/","title":{"rendered":"\u2018Money\u2019s all belief\u2019: the docuseries unravelling the GameStop chaos"},"content":{"rendered":"

In HBO series Gaming Wall Street, director Tobias Demi tries to get to the bottom of how Redditors turned a video game retailer into a financial frenzy<\/p>\n

\u201cMoney in, money out,\u201d is how Tobias Deml, creator of the new HBO documentary miniseries Gaming Wall Street, explains the common perception of the stock market while on Zoom with the Guardian. \u201cIt\u2019s got to come from somewhere, right? But it\u2019s all based on belief in the future. Money\u2019s all belief. We believe in the government, borders, lots of things that aren\u2019t materially real, but nonetheless exist in our shared imagination. The history of humanity is driven by these beliefs.\u201d<\/p>\n

Stocks are fake, is what he\u2019s saying, as in not real \u2013 \u201cfairy dust\u201d, to borrow a term from Matthew McConaughey\u2019s coke-huffing trader in The Wolf of Wall Street, one of the many pop culture figures that zips by in the rapid-fire torrent of memes frenetically edited into Gaming Wall St. Shares of a company are an intangible concept that nonetheless have physical, real-world consequences in their regular minting of princes and paupers. This alchemy has long been the sole purview of high-finance types, professionals who\u2019d have us believe that their business school educations and sophisticated Bloomberg Terminals make them masters of financial systems too hopelessly complex for us knuckle-draggers to comprehend. But in an era when a degree\u2019s worth of knowledge sits waiting on the internet, it was only a matter of time until some normal folks realized that everyone\u2019s making it up as they go. \u201cAnyone who claims to know everything about how the market works is lying to you,\u201d Deml says.<\/p>\n

Continue reading…<\/a>
\nIn HBO series Gaming Wall Street, director Tobias Demi tries to get to the bottom of how Redditors turned a video game retailer into a financial frenzy
\n\u201cMoney in, money out,\u201d is how Tobias Deml, creator of the new HBO documentary miniseries Gaming Wall Street, explains the common perception of the stock market while on Zoom with the Guardian. \u201cIt\u2019s got to come from somewhere, right? But it\u2019s all based on belief in the future. Money\u2019s all belief. We believe in the government, borders, lots of things that aren\u2019t materially real, but nonetheless exist in our shared imagination. The history of humanity is driven by these beliefs.\u201d
\nStocks are fake, is what he\u2019s saying, as in not real \u2013 \u201cfairy dust\u201d, to borrow a term from Matthew McConaughey\u2019s coke-huffing trader in The Wolf of Wall Street, one of the many pop culture figures that zips by in the rapid-fire torrent of memes frenetically edited into Gaming Wall St. Shares of a company are an intangible concept that nonetheless have physical, real-world consequences in their regular minting of princes and paupers. This alchemy has long been the sole purview of high-finance types, professionals who\u2019d have us believe that their business school educations and sophisticated Bloomberg Terminals make them masters of financial systems too hopelessly complex for us knuckle-draggers to comprehend. But in an era when a degree\u2019s worth of knowledge sits waiting on the internet, it was only a matter of time until some normal folks realized that everyone\u2019s making it up as they go. \u201cAnyone who claims to know everything about how the market works is lying to you,\u201d Deml says. Continue reading…Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"

In HBO series Gaming Wall Street, director Tobias Demi tries to get to the bottom of how Redditors turned a video game retailer into a financial frenzy \u201cMoney in, money out,\u201d is how Tobias Deml, creator of the new HBO documentary miniseries Gaming Wall Street, explains the common perception of the stock market while on …<\/p>\n

\u2018Money\u2019s all belief\u2019: the docuseries unravelling the GameStop chaos<\/span> Read More »<\/a><\/p>\n","protected":false},"author":0,"featured_media":4938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/4937"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=4937"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/4937\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/4938"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=4937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=4937"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=4937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}