Given that Marx never wrote of his speculating after that initial letter, and given that he remained dependent on Engels for most of the remainder of his life. I wouldn't be surprised if Marx lost everything after he "began all over again".
WSB style day trading is basically identical to sports gambling insofar as though many people begin on a hot streak, and then think they're a genius destined for riches, 95% of them don't cash out when they should and end up losing almost everything.
My only advice if you're holding GME rn is that if you bought in earlier and made a substantial profit; get out now and enjoy the money in your hands, and don't risk everything going to shit with you holding the bag.
I'm 100% certain Marx got some good initial luck, then lost his shirt, er, pants, and stopped.
It's a pretty common experience for poor people who try to be a little less poor playing the market: Do well, think it's so easy, pump in maybe a little more than they should, lose it all, stop trading, and never talk about it ever again.
Tbh Marxs statement of "relieving the enemy of his money" just sounds like a joke about the situation, or else it kinda sounds like an idealist justification to me.
Given that Marx never wrote of his speculating after that initial letter, and given that he remained dependent on Engels for most of the remainder of his life. I wouldn't be surprised if Marx lost everything after he "began all over again".
WSB style day trading is basically identical to sports gambling insofar as though many people begin on a hot streak, and then think they're a genius destined for riches, 95% of them don't cash out when they should and end up losing almost everything.
My only advice if you're holding GME rn is that if you bought in earlier and made a substantial profit; get out now and enjoy the money in your hands, and don't risk everything going to shit with you holding the bag.
I'm 100% certain Marx got some good initial luck, then lost his
shirt, er, pants, and stopped.It's a pretty common experience for poor people who try to be a little less poor playing the market: Do well, think it's so easy, pump in maybe a little more than they should, lose it all, stop trading, and never talk about it ever again.
Removed by mod
deleted by creator
Tbh Marxs statement of "relieving the enemy of his money" just sounds like a joke about the situation, or else it kinda sounds like an idealist justification to me.
Thinking of Marx asking Engels for stock advice and Engels writes back a letter saying "buy low and HODL 🚀🚀🚀🚀🚀🚀".