Transcripts for MSNBC Diamond Hands The Legend of WallStreet

MSNBC Diamond Hands The Legend of WallStreetBets June 4, 2024 02:36:00

there's someonewho has a business who's being disrupted out. case in point, netflix.everybody remembers when netflix usedto send disks in the mail. netflix quickly realized, and probably made one ofthe greatest pivots in corporate history and became this wonderfulstreaming service. then when they becamethe streaming service, who suffered from it? blockbuster video.they didn't do that. blockbuster videocould have also done what netflix has done. and nowthey're out of business. so if you were shortingblockbuster video, doesn't mean you'rea bad person or you hated on blockbuster,but you understood innovation. if every corporate ceo right nowknew that they could do nothing and their stockwould go a lot higher, they could sell it, they wouldn't do anything,right? most wall street researchwas tied to companies that someone hada vested interest in making relationships. we're not citibank.we're not goldman sachs. you don't have to play nice. in 2008,where was the research to tell us stocks can go lower?

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