Here’s what he had to say:
I dont think Seth Rogan should play a hedge fund manager.
Its too muchPineapple Express.I just I dont know.
GameStop was a company that was probably going to go out of business at some point in the future.
This is a company that sold physical video games when everybody was downloading them from the internet.
What they care about is that their longs [long-short equity] go up more than their shorts.
They were really surprised.
GameStop was around 15 bucks, and all of a sudden, it trades up to 500 bucks.
You do not expect that at all.
This was a once-in-a-100-year event.
Crazy stuff happens in the stock market.
People will never look at long-short investing the same way again.
It doesnt really work like thatits a lot slower.
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Source:Insider/YouTube
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