, Columnist
GameStop Comes Roaring Back
Also Trillium’s fake Getty Images takeover, Skydance’s Paramount deal, private credit synthetic PIK and Vista/Pluralsight.
I have, over the past few years, had surprisingly many occasions to ponder the following question: If you had a magic lamp that allowed you to move up the price of a liquid publicly traded stock arbitrarily, by a large amount, a handful of times, what would you do with it? There’s some stock that trades at $20, and you could rub the lamp and it would go to $30 for like a day or two: What do you do?
I think there is a theoretically correct answer, though it is neither investing nor legal nor magical advice. It goes like this: