The US Trader Who Bet $400 Million Against Nintendo Takes Huge Hit As Stock Price Soars

That reminds me that I need to cut the hedge.

Hedge funds and these multi-billionaires disgust me. These people bath in wealth beyond anything they could possibly need in a dozen lifetimes. 400 million dollars? That kind of money could pay a year's wage for over 7000 average income people in the states.

It's not even really a political issue. I just find these people far beyond greedy. I cannot even comprehend what people want with such immense amounts of personal wealth. I saw a news story the other day and heard that the US secretary of education owns a 40 million dollar yacht. The thing is so big, it has a garage for speed boats to dock with it. It's a floating mansion... It blew my mind. But not in a good way, it disgusted me.

[edit] I am greedy. In my mind, I am a pretty greedy dude. I like buying games. I like staying at hotels for a couple days once or twice a year. I like to take time off of work just to relax or have fun. But then I see stuff like this and I am just blown away. It's really wealth and luxury beyond my wildest dreams.

F

I'm not a numbers guy, and there are things I don't understand.

For example: why selling for 400 million dollars and repurchasing it for, let's say... 300 later this year? Wouldn't the profit be higher if you just sell and don't buy again? 400 million.

Anyway, it's funny how stock prices go down for the tiniest reason, usually being "Nintendo hasn't made announcements for more than 30 minutes, the company is sinking, let's sell", but after that Nintendo announces the development of a lesser game and stocks rise again.

I know smart people gets rich in stock market, but price changes are usually based on people's stupid behaviour. Right?

I don't understand any of this

HA HA HA HA HA HA HA, thing is it's probably just pocket change to him.

Hedge funds, frankly, should be illegal. Its borderline stock market manipulation.

@Moroboshi876 Short selling is pretty weird. But the key is that he never had the shares to begin with, so he can't just sell them.

In a short selling scenario, someone thinks that a stock is going to decline in price. They borrow the shares, and sell those borrowed shares. At some point, they'll need to return those borrowed shares to the lender.

In theory, the price drops, allowing them to buy back an equivalent number of shares at a lower price, and give those back to the lender. The trader pockets the difference.

But if the price goes up, then the trader is on the hook for the cost because he still owes those shares back to the lender. He can try to wait for the price to drop again, but it might also go higher, costing him even more.

@Heavyarms55 perhaps, ironically, these people are playing a game...

Even if I was a multi billionaire I would still wouldn't throw around money like that

He is still likely in the money anyway as he started 'shorting' months ago.

@Heavyarms55 the problem is that a lot of the money in hedge funds are pension investments. Not the pocket money of millionaires - just the lifetime savings of middle class soon to be retirees who want the best returns for their retirement - who cares about the consequences for the rest of society?

The system is skewed and wrong but it’s the greed of ordinary people that has broken it - not necessarily just the mega rich.

@Heavyarms55 It's OK to feel jealous.

@Heavyarms55 Fun fact: The same US Secretary of Education Betsy DeVos has around 10 such yachts. Great world.

Well I say months ago, it was start of June according to the Bloomberg data.

hes been shorting it since $58 so i dont think hes at a loss yet

Great choice of image there.

For people who don't understand what this article is saying... it's similar to how Nintendo bought cardboard for $7 and sold them for $70. It's all about ripping people off and making yourself rich. LOL.

@Razieluigi @BensonUii Thanks for the explanation! The key word here was "borrow". I didn't know you could borrow stock. What is the original purpose for this possibility? Isn't it illegal? Selling what you don't own, I mean.

Why build schools where they are needed when instead you can buy 10 luxury mansion yachts and live on the ocean?

@Yasaal Of the same size?! WHY?

Hedge funds gamble on the Stockmarkets using OTHER PEOPLE'S BORROWED money.
Essentially - you have £1000 saved in your Bank account at Lloyds.
You earn 0.5% per year on those Savings.
Your bank doesn't just let that money sit there - Your bank lends it to the Hedge Fund along with 1 million other customers - Your money can make huge gains overnight - Let's say 5%? Well, the bank and Hedge fund split that profit essentially. you get nothing. There is no or little risk to the bank because it is not their money. If the bank fails (like RBS did) - the Government bails them out with Taxpayers money - The Bank directors pay themselves huge bonuses form the Taxpayers bail out and give themselves a public pat on the back for saving the bank from the anonymous and 'Evil' 'Markets'.
When you pay into a pension - your pension money is used in the financial markets to earn huge sums of money of which you are promised a tiny tiny cut when you retire - and you die early ? well , the Bankers just make more money as they don't have to pay out on your pension. The Pot of money that they hold just gets larger and larger and they can do more with it - In this case - the $400million short reveal was enough to knock the Ninty share price down 2-3% (before it rallied last night) so in effect - larger sums in themselves cause the market to move in the desired direction.
It's Economics - Just remember - these people running these Hedge funds care absolutely nothing for normal people, your pension, your savings or your future. . .

@Moroboshi876 No problem! It's honestly all pretty confusing.

It's not illegal. There are brokers that let you borrow shares, just as there are banks that let you borrow money. They charge interest, naturally, but if traders are confident that they can win on a short, they can make all that money back and then some.

It's a dangerous risk because the most you can possibly make on a short-sell is the value of the stock (if the price dropped to zero), while potential losses are unbounded (if the price keeps climbing).

The practice does have some ancillary benefits, like improved market liquidity. But really, the main purpose (like so many things) is to allow the stupid-wealthy to get wealthier.

@electrolite77 We know he's bet against these figures because its a short bet. Those are typically weeks to a few months.

This individual in particular never holds for more than 8 months

@Nincompoop Jealous? I wouldn't know what to do with that kind of money. Building my dream home, a similar home for my mother, buying piles of gifts for my friends and family and setting aside a few million to live off of for the rest of my life would still leave me with several hundred million dollars that I'd really not know what to do with. I'd probably look into investing back into my community. I am sure I could do a lot of good for the local schools.

@electrolite77 It's not really a bet in that sense. There's no "finish line" to it.

Basically, he's just hoping that the stock price goes lower than it was when he initiated the short. At any point, he can "close" the short by repurchasing the shares, but the less they cost at that point, the more money he makes.

If the price doesn't look like it's ever going to drop that low again, he has to choose when to cut his losses.

Ha! Rookie.

@Razieluigi I’m trying to follow. So he effectively said “Hey, give me selling power for some of these shares, and I’ll pay you back the share price”. Then he’s thinking “I borrowed it at a price of $100, but it’s going to go down, so Joe can buy it from me for $100, and when I have to pay it back at $80, I can pocket the $20 profit I made from Joe”. Is that sort of it?

Rather than all this about stocks and hedge funds, why not just look at the fact that the Nintendo Switch is doing very well indeed. There are plenty of games still to come and surely some surprises by October with a Nintendo Direct. I really don’t understand the constant need for the scaremongering with Nintendo. Just accept the positives of which their are loads.

@BensonUii That user is typically a negative Nancy, anyway. And I think there’s maybe 20 of us here that understand the business costs of the video game business, anyway

@Heavyarms55 I think at that point it's less of wealth and more of a score to them. The whole stock market is a weird creature, it's basically money circling around without anything of value being purchased or produced. It's just abstract.

I knew he would come to regret making that "bet", but didn't expect it would be so quick and it's only the beginning...

@cfgk24 Comrade!

@Knuckles-Fajita if its declared it's not manipulative. It's something that is allowed, or rather incentivized by the available financial instruments.

@HobbitGamer Not really.

The initial borrowing is irrespective of price. Say he borrowed 100 shares — he still owes that lender 100 shares.

If it's easier, think of it in terms of something non-financial.

He borrowed 100 NES Classics from a hoarder, and sold them for $100 each. He now has $10,000, but needs to replenish the hoarder's 100 NES Classics. (He's "short" 100 NES Classics, hence the term)

But he knew that the market was overvaluing them because he heard that Nintendo is about to re-release the console. They do, and the market value plummets to $60. He quickly buys 100 NES Classics at MSRP for $6,000, and gives them back to the original hoarder.

So he's spent $6,000 and earned $10,000, giving him a tidy profit.

It's not a perfect analogy, but that's basically what happens in a short sale.

@Heavyarms55 It's easy for you to imagine what to do with that money, but when that pile of money is in your hands... things will turned out very differently. You will probably buy a mansion with huge fences and security guards to protect yourself from your friends and family who will nag you for money everyday. The richer you are, the more isolated you become.

I hardly understand any of this. This is why I don't buy turnips in Animal Crossing.

Once again these news arrive with no time frame for Plotkin's bet.

If he "borrowed" shares from other people (ie: other financial institutions) then when does he have to return them?

Surely before the interim dividend payouts at the end of September, but I'd assume much sooner than that as well.

@Razieluigi OH, okay. That analogy makes perfect sense. Thanks for making it simple

Hilarious!

Hilarious!

@Moroboshi876 dude... you have no idea Selling what you don't own is the primo thing in trading. Not just borrowing stock from someone/some agency, but even borrowing from future. You can trade futures, which means you trade not the existing things, but things that will be produced in future and you try to guess what IT WILL be cost. So called obligations are also just that, it's basically a scrip that says "I will pay you at this date", only written by huge companies and even whole countries. Most trading actually just trades those things, that don't even exist yet. That way something like bitcoin is not so far off. Who cares if something physically exists, what matters is only what it will cost. So don't you worry, if one finds a way to monetize dreams, he would be the king of the world.

hahaha ffffffffffffffffff him sack him

Investors know approximately as much as analysts, that's what I've learned.

@NewAdvent We're not all chasing a higher salary. Some of us are more concerned with finding something interesting than something lucrative (though obv I'm lucky enough that "interesting" also means "pays enough to service the mortgage"). I could get a much better paid job doing what I do for a financial services company but it doesn't interest me.
If chasing money makes you happy then great, I prefer to spend my life on stuff I enjoy.

@Hrimfaksi That's right, the bank regularly use the money you put in the bank to invest in shares, real estates and other financial shenanigan.

That's how the bank makes money, they use their customer's money to invest and make themselves rich. If everyone wants to withdraw their money from the bank on the same day, they won't be able to give the money back because they spent most of them. (Banking is a legal Ponzi scheme)

@Hrimfaksi I started precisely saying I'm not a numbers guy. But thanks for the reflection.

@electrolite77 He owes 27 million currently.

But yeah looking at past disclosures he holds for a 6 to 8 month window it seems. So it wouldnt be based on yearly results.

Seems he took this out in April/May

I just don’t understand his timing. Just a couple days before the quarterly reveal? Unless he was (wrongly/stupidly) positive on a poor financial reveal, the risk was extraordinary. I guess it’s a long short now. Take the L until stocks inevitably tumble a bit again.

I've just seen sligeach_eire's comment on this article on GoNintendo. Did Ryan kill his dog or something? Always struck me as someone who cuddles puppies...

There's too much mis-information going on in the comments to call out everyone specifically, but you all really need to read up on what futures contracts and hedges really are. It's not some underhanded sorcery that only the rich can take advantage of. It's a pretty straight forward trading concept once you read up on it a bit and understand it. If you are really interested, check out Investopedia - great, simple breakdowns of topics like this that came in handy when working on my MBA a couple years ago.

And yes, futures contracts & hedging are most often by large companies to mitigate risk, but that's simply because the more capital you have invested, the more you stand to lose. I.E., I have no reason to purchase future contracts of fuel, because even if the price doubled, I'll be okay, personally. If fuel prices doubled though, it may be enough to completely wipe out a large Airline - so it's highly likely they have future contracts/hedging strategies in place. It's not trading "non-existent" assets or market manipulation - it's a contract between two parties, pretty much like any other.

Can't believe there's people out there that see $27 million as a modest amount. At this point, £27 thousand would seem like a miracle to me. Bye bye student debt if that kind of windfall happens.

@martynstuff Thought I hadn't seen him here in a while. Did he jump ship and continue to ****post somewhere else?

@nessisonett The result of investing absurdly large sums of capital. It's a little over a 6% loss. Obviously not great, but losing 6% on a single trade isn't crippling either - assuming he is a good trader and has other trades going on that are profiting, that is =)

On a personal level, I'm obviously with you. But when dealing with sums as large and as often as these firms do, you'd pretty much have to remove yourself from the actual dollar amount, and work entirely based off statistical probabilities of risk/return amounts.

Well... Guess he had info that the Switch numbers in the quarter were not all that great. But not how much revenue/profit they had.

But he still making money on the short. It is in the article.

"... Plotkin is still likely in-the-money on his short bet. The average price of his position is probably around 41,000 yen to 42,000 yen, according to regulatory disclosures and Bloomberg calculations that assume he began short selling in early May. That’s still higher than Wednesday’s intraday price of 39,330 yen, despite the day’s rally"

Still a bit crazy - not sure best time to short Nintendo. But hedging the bet with EA and Activision US stock purchases (heading into the holiday) seems to make it a safe bet. Traders are a crazy bunch 🙃

That's what he gets for trying to artificially depreciate the stock.

Doesn't matter if you have 28 million or 270 Billion, losing 27 Million is not chump change.

@Heavyarms55 In the "Game of Life" the easiest way to "keep score" and see "who won" is by how much money you have. Obviously, a lot of other people would keep score differently.

I find it odd that someone would be betting their profits would go down, as we are going to head into the holiday 2018 season, which should be the first holiday where there should be ample supply of the Switch. I see Switch sales continuing to climb, so will games, etc. And thus, profits will follow.

He still may "be right" but if he is basing his bet on the trends from the last couple of quarters, I think he is an idiot.

The earnings report was great and definitely accounts for the 7% increase, but it means nothing as far as that guy's bet is concerned. The game isn't over, he could hold that bet for a year if wanted.

Let's see how it's doing when the online service kicks in and people start losing access to online gaming.

@Moroboshi876 They need to buy back the shares at some point to give back shares to the bank they borrowed them from. You can't just borrow the shares forever, they have to be replaced eventually.

As the famous and wise scholar from The Simpsons show said.... ahem

Nelson:"(points) Ha-ha!"

XD XD XD

Ahahaha.

@nessisonett Yep he's polluting Gonintendo's waters and causing the regulars to bang their heads against the wall these days. Poor sods, they're a nice bunch over there too. He'll probably get banned from there as well.

@JohnQuixote lol

I mean I feel kind of bad for the people who lost money because this guy made a bad choice. Yall acting like it was his personsl 400 million bucks. Dude is investing other people's money, right?

Heck, that’s a lot of money.

I got excited when I saved up the $300 to buy my Switch, let alone $400 million. 😂 What does someone even do with that kind of money?? I can only imagine myself being either incredibly selfish and spending it all on frivolous time wasters, or being incredibly philanthropic and giving a lot of it to my church. Nowhere in between.

Nintendo Handout Out Ls To These Fools!

I could use 400 million.

Imagine buying every game you want, no matter what scalpers ask for them. Building a mancave with all original arcades you want (not multi-games emulation modern built machines) and being able to pay the electric bill.

@WiltonRoots @martynstuff

What's the point in keeping track of him in other sites. Please instead of talking about people who are already banned here, post about something relevant to the article.

There are good, and bad investors. A good one allocates resources where they will create the most surplus value, the bad where the resources will be wasted (according to what people want to buy, not some imaginary god given standard). Used to be that the good made money, and the bad lost money, thus most investors at any time were relatively good. Nowadays, money is loosing it's value so fast, everyone feels compelled to be investors in order to maybe keep their value, instead of loosing it for sure. This means bad investors outnumber the good ones. This guy might have really analyzed the situation and found Nintendo to be overvalued correctly, but all bad investors still bought the stock because of some relatively minor good news. (I am such a bad investor, as I have no clue what I'm doing, but still buying stocks based on random news here and there). The fact is, based on dividends, Nintendo is massively overvalued (as most stocks are). Only if you for some good reason expect this to change drastically in the future should you invest in Nintendo, in a normal situation. However, since the situation has changed so much with cheap money flowing into the economy (from central banks all over the world), all bets are off.

NINTENDOLIFE, stop ridiculing yourself so much. Why on earth has your news coverage changed so dramatically these past few months? Try to be a little more like EUROGAMER, POLYGON and less like THE SUN.

I feel their pain - I had a £4 bet against Nintendo and am now 27p down...my dream of having some Dairy Milk Buttons for dessert this evening is now in tatters

Hahahah, that will teach them a lesson.

@Cosats I'd say they are probably doing these types of articles for the very reason that guy made his bet in the first place - nothing interesting going on with Nintendo anymore 🤷🏻‍♀️

@BensonUii Benson is correct! That's a short sale.

The guy sold Nintendo stock he doesn't own yet.

Its kinda like if you heard from a friend that Bestbuy was going to start selling the Nintendo Switch for $150 on Sunday, and it currently sells for $300 in store.

So on Saturday you list one on ebay for $250, it sells immediately. You laugh that you're about to make $100. You don't own a switch, but you're confident they are about to go down in price.

You go to bestbuy the next day and find the value of a switch rose, they now cost $400. You already owe someone a switch, so you buy it for 400, ship it to the guy who paid you 250, and you lose $150.

That;s short-selling. Done RIGHT, its an incredibly unethical and really-should-be-illegal way to make money on a collapsing company.

If they mess up, they're out a billion dollars, and suddenly YOUR retirement account they manage isn't doing so hot.

This story fills me with so much joy! These Wall Street types are all crooks, but none of them understand video games or the passion from gamers for their favourite companies/IPs. Get Wall Street out of video games. I really hope this guy lost so much money that he gets fired. Yup, I'm that vindictive.

@Kiyata Clearly you don't own a Switch. So many amazing games and more on the way. What does Sony and Xbox have? Variations on zombie apocalypse games. Both of their E3 presentations could have been merged together to form just 1 since they're not offering anything different from the other.

@Heavyarms55 The new Guilded Age. We know how the story ends. Try the ribs.

To be fair, it's complicated, and even worse than it is on the surface. The fund managers aren't really managing their own funds (well they partially are), but those are funds that act as money pools for things like insurance plans, pension funds, 401k,s etc. etc. etc. that technically go into people's pay and running businesses. But therein lies the catch. Sinking companies for the quick profit and leaving the rotting husk behind them is part of their tools of the trade, and they sit on so much collected wealth they can take over and control the actions of any company to benefit their short term results and harm the company (and thus all the employees and customers.) And they do. But the public never has a problem with it, because so much of the public is dependent upon them doing that to fund their insurance, pensions, etc. So we're stuck in this loop where the public is fine with them plundering on the high seas, so long as they get their gold doubloon out of it (as long as it's someone else getting plundered.) But it always goes too far, because that's all humanity seems to do. And now the gulf is extreme, and we're returning to almost a caste system where if you're born into it, you're part of it, and if you're not you never will be unless you happen to be extraordinarily gifted. The more you can put into it the more you can get out of it and the more you can stand to take the risks on an almost logarithmic scale, but anyone that can absorb no risk is cut out entirely.

@roadrunner343 Everything about everything about the financial/investment industry is smoke and mirrors, lies, manipulation, deceit, and power as the object of power. I realize the good old "anybody can do it and you can make money on it" and sure there's some amount of truth to that, but let's be clear. The concept of shares, stocks, and bonds was in its origin a simple 1:1 purchase of a percentage of ownership. The idea is basic and straight forward. The warped mutation that is the monstrosity of the "financial services" industry ripe with "financial vehicles" which are all bizarre concoctions and shell games. Once you need endless arrays of information, specialized concepts, terminology, etc. etc. etc. to deal with something that is inherently simplistic, and the people in the middle seem to be getting a lot extra out of it due to being higher on the totem pole, and knowing more tricks. Accounting is a 1:1 thing. Finance is a 1:1 thing. Investment is a 1:1 thing. Now that modern finance is a contrivance of tricks, "vehicles", in the know manipulations, exceptions, exclusions, and maneuverings and shell games, it's not really "investment" as intended anymore, it's a complicated high stakes gambling game always stacked in favor of the house, but occasionally you can play the odds and come out ahead if you know how to count the cards. There's nothing defensible about what it presently is. Franky I'll take my odds at The Mirage before Wall Street. And I'm not into gambling. At least they're honest about what they're doing and it's actually less smoke and mirrors. And if I hit jackpot there I don't feel the need to take a 12 hour bath after to wash myself of the stink.

For clarity, I'm not against the idea of investment in it's original form. But we're about a century away from when it was last its original form, and the entanglement of it into the complicated web of IOUs it currently is was in part by design to tie everything up in it to prevent another 1929. We need a reset from the rigged craps table that is now the world economy and a return to simple, direct finance. It's not as lucrative for big money....but once you're in a system that most of the population can't even understand how or why it works, there's a reason: It doesn't. It runs as long as everyone gives it the benefit of the doubt. And most of it comes from the laughable joke that is the Federal Reserve Note (and it's related currencies worldwide.) Essentially the currency itself is a giant short. Which lead to the shell games of investment of layer upon layer of debt based on money that doesn't exist yet, which when it does is based on currency that doesn't exist yet, and so on and so on. We're living our entire lives on IOUs and it only works as long as most will accept IOUs in trade for other IOUs. Someday someone won't.

Of course it will reset on its own, one way or another......it's inevitable. And it won't be pleasant. Maybe it happens in our lifetimes...maybe not. But it'll happen. I'll short this entire guys fund on that stake

@Knuckles-Fajita Nothing borderline about it.

Short selling is a very risky play as your gains are limited but your losses are unlimited. Unless he bought back in the losses are on paper only at this point, but it really shows how risky going short is.

@Mortenb Even if everyone were top-notch investors, the majority of people would still lose money. It's how the market works. If everyone were good, they'd still be outperformed by the best. It's also why you see so many funds that are managed by professional traders still outperformed by unmanaged index funds more often than not. It's also why people like Warren Buffet recommend S&P 500 index funds as the best investment for most people. I tend to agree, and follow that advice.

Money that is not invested has always lost it's value, so that's not really the reason you see more amateur investors. I think it just comes down to technology making it easier for everyone to invest. Technology has also made it easier for everyone to invest in (relatively) safer funds as well.

As for "Undervalued based on dividends" - that doesn't entirely make sense, unless I'm just misunderstanding what you are suggesting, and "most" stocks are not overvalued. Many companies offer little to no dividends, while others pay out pretty substantial dividends. It simply depends on the company's strategy. A company like Amazon, for example, did not pay dividends and did not post any profits for many years, despite a soaring stock price. This is because they reinvested in the company and were growing considerably. There's much more to market value that the amount of dividends paid out.

Finally, if you just want to play with a little money, I suppose investing in a single company based on short-term news is fine, but it's definitely not a great, safe, long term growth plan. Based on your post, it seems you already understand that.

@Nincompoop Not to mention the plastic and metal that the Switch itself is made of, if we now think that it's greedy to sell products at a higher price than the material it's made of.

@NEStalgia I pretty strongly disagree with parts of your response, and strongly agree with others. I certainly agree that investing can be complex, but it doesn't have to be. Again, if you are (In general, not you specifically) new to investing, there's a lot of terms thrown around - but you don't need to have an intricate understanding of every type of fund, futures contract, hedging, etc... to make reasonably safe personal investments. But if you take each of those concepts alone, study up on them a bit, they are pretty simplistic and there's nothing inherently shady about those types of trades. My main point is, I don't believe most of the types of trades we are discussing (Futures, hedges, etc...) should be banned or anything of the sort.

However, I fully agree with you that everything can be abused, especially where considerable wealth and power is involved. I know government is corrupt and abused, but I don't think the entire idea of government is bad. The internet is abused and frequently used for crime, but again, I don't think we need to ban it. I also know you weren't explicitly making any sort of suggestion like that, so take this as me explaining my stance, not attacking your's =) I think the various types of trades are overall a good thing.

Lastly, I'll say that while I agree there is a fair bit of smoke and mirrors, corruption, abuse, etc... (Just like any large system, this isn't exclusive to the free market) I think an equally big problem is uneducated investors. If someone doesn't understand futures, hedges, or the difference between put/call options, then obviously they shouldn't being investing their money there. Technology has made it easy enough, even for personal investors, to do a tiny bit of research and invest in a relatively safe mutual fund with a proven track record of ~10% returns, and easily avoid all of the more technical trading concepts/jargon.

He has until Pokemon to try to hope the action drops. And when Smash hits, he's dead.

@DarthFoxMcCloud Sorry to weigh in on this but what "future games" are you actually talking about? and did you really just try to compare the upcoming PS4 games to what the Switch has?

Okay look i don't own a PS4 and i own a Switch, in fact i detest Sony, but really dude? your going to try and pass that comment off as legit?

Actually sit there with a straight face and claim that Nintendo's up coming line up can compete with what the PS4 has in the pipe line? really?

Dude Red Dead Redemption 2 alone batters anything Nintendo has released in the entirety of 2018, and anything they will release, it batters it so hard that it makes my eyes water thinking about it... And God Of War has beat every single game that has been released on the Switch bar BOTW and maybe Mario.... and by "beat" i mean, better quality gaming experience, better story, better game-play, better visuals, just...better... in every way possible.

Actually read that sentence... God Of War is better than ANY game Nintendo has released on the Switch bar ONLY BOTW and MAYBE Mario.... let that sink in (just one of Sony's big 2018 hitters cremates the entirety of Nintendo's gaming lineup except 2 games, that is just ONE of their games)

If you are legit about your opinion then you certainly are a very small niche in that respect. I don't think any real gamer can genuinely sit there and say Nintendo's line up looks better than what PS4 or even Xbox has coming...

I do expect this to change but to claim it as being the case currently is just ridiculous to the extreme.

@StuTwo Upper middle and public sector middle class. Normal workers haven't received pensions in generations

@SKTTR StuTwo is right though. It's not the billionares that really hold the strings. Their collected wealth still couldn't fix most of the problems in just the US let alone the world. The problem is the tier just below them. The "professional class", the brokers, the fund managers, the lawyers, etc. etc. The people that will help the billionares gain as much power as they can happily, in exchange for a comparatively meagre life, but one of overall luxury. These are the people making 6 figures, living in a large house with a 3 bay garage, with a BMW or an Audi, or a Mercedees. They'll frequent that fancy wine bar & grill down the street. They'll stop by restaurant and know they prefer the house salad to the caesar. They don't vacation much, they just have a time share they use for a week a year. Their kids are working so hard to get great SAT scores to get into one of their choice schools. They're ordinary people, doing well for themselves. They're a bit snobby, but aren't exactly Zuckerberg or anything close. Collectively this group will gladly fool themselves into thinking they're just middle class ordinary people getting by, comparing themselves to the billionares as being so far beneath them. Yes, they're helping the billionares attain as much power as they design, but like the excuse heard by every defendant at Nuremburg, they're just doing their job, for their family. They don't make the decisions. They follow orders.

This is the group that has brought about the current reality. Bezos, Gates, and Schmidt may be the evil masterminds bent on power, but they were powerless on their own. It's the legions of those willing to help them for a pat on the head and a bit of money that make it all possible.

And this group probably accounts for a sizable amount of people right in this very thread.

@roadrunner343 Just distilling your reply down to your final paragraph and the sum of the problem: Just putting the money in a safe fund and getting returns doesn't actually negate the rest. The fund is doing all the smoke and mirrors and shell games on your behalf. Often one of the most vile of the pack, to boot! That's like buying a Volt to offset your fear of fuel emissions of owning a vehicle. It doesn't get rid of the pollution and emissions, it just moves it to where you can't see it so you can feel good about yourself (power generation happens elsewhere, and those toxic short-lived batteries get to be cranked out by China where you can pretend they are the problem.) By buying into the fund you're participating in every activity and problem I mentioned, you're just asking them to shield you from it and do the dirty work on your behalf so you can take the laundered money at a reduced return and feel good about yourself. Hiring a hitman still gets you murder charges. You can't erase complicity by paying a middle man to do the things you yourself aren't comfortable with.

I don't fault individual investors for investing since it's become such a big part of the economy, but said small investors are reaping rewards from the abuses, and are therefore participating in them, whether they put blinders on or not.

@roadrunner343 Money has not always lost value. Not when gold was money, which was most of modern history, incidentally also in the periods when most wealth was created. Then money was gaining value year by year, as people became more efficient, and more people were entering the economy. Therefore people were saving, meaning they produced more than they consumed, meaning more resources were available for investing in making the future even better. It's only after WW1 that money has been steadily loosing value, because everyone went of the gold standard (enabling governments to create inflation).

Investing is not a zero sum game. It is about the dividends, which is a part of the wealth created by the companies invested in. I can't see the logic behind your argument that if some are better investors, then someone else must loose money. That is not how it works. If there is a new company, and you are really good, you'll buy shares cheaply at the start. If I'm just a bit good, I'll buy them from you later. You'll get a very good ROI because you were able to see that this company was cheap at the start and you could gain profit even if you didn't sell. I'll make money from the dividends. Everyone is happy. Of course, if I am not good, I'll buy them simply because I think someone else will buy them, even though I don't see how I could profit from holding them myself. Then I or that next bigger fool will loose money.

Now, if nobody cared about the dividends, and everyone invested regardless of the dividends expectations for the future, then you would be correct. But then everyone would be speculators, which is, I admit, more and more the situation we find ourselves in. Speculation is good, when it is based on careful analysis of the marked and identification of errors, not when lots of people are doing it based on feelings.

@Mortenb I think you're the first person I've seen in at least a decade that actually remembers when investment was about dividends on profits rather than fast trading based on current share value. Funny that.

We should grab some lemonade and sit on the rocking chairs and discuss our memories of iron horses and those Wright boys who think they could fly like a bird too!

@Mortenb If you're going back to the early 1900's, then sure, you can make an argument it hasn't always lost value. I was assuming we were talking about fiat currencies. There is more to investing than just the United States. So replace "always" with the "the past 100 years" and you should be able to understand the point I was trying to make.

As for being "just a bit good" at investing - that's not how it works. It doesn't matter how good you are - if there is someone out there better than you, you will be late to the party. It is you vs. the rest of the market, and the market (almost) always wins. Again, it's the same reason index funds regularly outperform actively managed funds. If there is an easy, short-term trade profit to be made somewhere, as an amateur/hobbyist investor, you are going to be beat out 99% of the time if you're trying to buy/sell individual stocks. That doesn't mean you can't invest and make money easily. On the contrary, I've said several times it's quite easy for just about anyone to invest and get an ROI around the market rate (8-10%, typically) simply by investing in an index fund, if you desire. What I am saying, is that you will be hard-pressed to beat the market, which is what traders attempt to do for a living, yet they regularly fail to do so. For the hobbyist, it doesn't make sense (To me, anyway) to event attempt to beat the market - I'll gladly invest in an index fund and take returns at the market rate.

Finally, I have enjoyed our discussion, as it's been quite entertaining and civil, so I apologize if this comes off as inflammatory - I genuinely do not intend it that way - but I honestly believe you need to do a bit of research on how and when dividends are issued. There are people who value high dividends, and that can certainly contribute to share value, but it is not the only contributing factor. It's entirely possible to achieve good ROI without ever receiving a dividend payment, especially when those companies are investing in growth, such as Amazon. It's definitely not the only indicator of company health or value. I'd say the majority of my current investments do not pay dividends, but they're up 14.8% from this time last year. Not sure where my 401k sits, I think it was around 9-10% last I checked.

Welp.

I will admit that Switch hardware sales last quarter were far from impressive, but I don't think that trader took into account how ridiculously strong software sales would be. It singlehandedly grew Nintendo's revenue and profits.

@Heavyarms55

It's beyond Darwinian greed, it's a psychological disorder.

@NEStalgia I have to disagree. Investing in a fund does not have to mean you are contributing the problem. Of course it could, as we've both stated - anytime there is power and money, there is corruption. You'll get no arguments from me there. That doesn't mean there aren't safe, healthy ways to invest.

My point is, it's incredibly simple to avoid certain types of trades if they make you uncomfortable. It's also incredibly simple to invest in a single company, if that somehow makes you more comfortable (it shouldn't). If you don't know a fund manager you can trust and want to invest in, it's easy enough to invest in an unmanaged index fund.

In my case, after my 401k, I've been putting extra savings into an S&P500 index fund. I know exactly where my money is going. No smoke and mirrors and incredibly low administrative fees (.04% expense ratio). In a fund like that, it's easy enough to keep track of what's happening with your money - it should move in lock step with the S&P500. I'm not suggesting everyone has to invest in an S&P 500 index fund, but there are options out there. And hey, if it's good enough for Warren Buffet, it's good enough for me.

EDIT: Although it may sound like, I'm not really huge on investing either. I contribute the max to my 401k, simply because my employer matching up to 6%, so I'd be a fool not to take the 100% ROI =) I've recently started investing in an S&P500 index fund, simply because that beats letting my money rot in the bank. However, I've always preferred to invest in myself - I paid off all my personal loans with the exception of my mortgage, which I have been paying over double on for the past 3-4 years. My wife and I ran a photography business for 6 years (Quit when I started my MBA, and now have 2 kids, so not starting again any time soon) and I frequently invest in electronics projects - both for my own learning and enjoyment, but also to sell for profit. So I'm not against "investing" outside of the stock market by any means - I actually prefer it - but if it comes down to doing nothing with your excess funds or investing in a relatively safe fund, I definitely think an index fund is a good option.

Well I just found a fiver behind the sofa, so on this day, a winner is me!

Sorry Gabriel. Better luck next time old sport.

These cocksuckers didnt bet 400 million of their own money trust and believe it was someone else's money. We all know how these wolves of wallstreet work. Bankers and and wall street been robbing and stealing from the world since day one yet they all still on the streets free . This is America rob from the poor to feed the rich. Give a man power and a bank and he can rob the world forever

@Razer everything you said might be true but ps4 didnt sell 20 million consoles in its first year the way switch did so switch is a more popular console than ps4 or xbox would ever be combined. We are in a age where everyone would rather play games on their phones so they can take it anywhere and be able to play anywhere they want in the world which is why 3ds is so popular and outsold switch ps4 and xbox combined. Switch is basically a upgraded 3ds which allows gamers to play any triple A title anywhere in the world. [removed] if u want to play a game in a box u can if u want to go fishing in the middle of a ocean guess what u can play any switch game anywhere in the world u want let's see ps4 any xbone do that lmfao sony and Microsoft already lost homiie. Btw if this even matters I'm a die hard Sony fan so that tells u alot about the switch coming from a sony man

@JoyconGang uhhh what?

Switch didn't sell 20m in its first year either, the Switcher's first year ended in start of March 2018.

As of the start of March 2018 Switch had sold around 15m units, which is only 500k or so more than what PS4 has sold in its first year, i might also add that since that time, Sony has again started to pass Nintendo.

dude i couldn't read the rest of what you said because you made a silly mistake in the first two sentences.

PS4 first year was 14.8m
Switch first year is 15.2m (meaning its sold less than 5m in 5 months which is not so bad, but its defo gone down)

So today in the "no ****! Sherlock" news segment.

I've been following Nintendo stock for several years (back when it was $13/share here in the US), and this guy missed his mark! Had he shorted it before E3 and then re-purchased after the crash, he'd look like a genius. Now he just looks like an ignorant hater.

@JoyconGang Also just to further drive home my point

its been been 17 months since the release of the Nintendo Switch and it has sold 19.7m units thus far.

3DS in its first 17 months: (that struggled for its first 6 months) sold 19.5m in its first 17 months and that was considered a struggling system bought back from the brink (its actually the greatest comeback story in gaming history).

WiiU which was a flop only shifted 6 or 7m in its first 17 months but thats hard to tell as quarterly sales figures were never released for it. so we just half their total figure as that was about the halfway point.

So that puts the total somewhere around 25-26m... Now you need to count Switche's sales as both a handheld unit and a home console unit as it seems from how things are shaping, that they have consolidated their hardwares into one. If you do this, you start to realize that the Switch is not actually doing as well as the media claim.

So actually... I would be right.... AND i am right

@Heavyarms55 She doesn't have "A" yacht, singular, she has TEN boats of various sizes, including the one you mentioned.
This is a ridiculous level of wealth, that you are 100% correct about when you say we can't even comprehend that kind of money.

I guess what gets me is all I want is to not worry about the next big emergency, have a stable roof over the head of me and my family, and have enough to be reasonably comfortable, but still work.

I imagine having levels of money that I couldn't even count would feel feel like putting a GTA cheat code in, fun for a couple hours but then it gets boring really fast as the challenge and reward would be gone.

@Razer Just to add a bit of fuel to the fire, @JoyconGang also claims that the 3DS sold more than Switch, PS4, and Xbox (One?) combined. Which, I guess that could be true... if you were to discount all PS4 sales... because... you know... that alone sold more than the 3DS.

I guess that's just how it goes in today's hyperbolic world, where everyone feels the need to exaggerate everything all of the time, despite their claims being blatantly false. And yes, the irony of that last sentence was intentional.

Yawn... first world problems

In fairness, it's VERY unlikely that Switch will meet the goals- even Nintendo themselves came out and said it will be very difficult, especially with Switch now pacing BEHIND last year, let alone why fanboys insist that a spinoff Pokemon game is going to somehow push more systems than Odyssey and Zelda did, or the fact that the game is also aimed at those who don't ordinarily spend $300 on systems. Oh, and for Smash, how well did that push Wii U systems after it came out on it? Just because it sells 5 million games doesn't mean it sold 5 million systems, because there's always crossover. System sellers are big hitters like Zelda, Mario, ones where people purposely don't get until it comes out (MAINLINE Pokemon, not a spinoff).

@Heavyarms55 lol its because you don't have you don't understand it. Without the rich you wouldn't even be able to have half of what you have.

@pika677
"Oh, and for Smash, how well did that push Wii U systems after it came out on it?"

I mean, Mario 3D World, Mario Kart 8, and Splatoon didn't push Wii U systems, so I guess Mario Odyssey, Mario Kart 8 DX, and Splatoon 2 won't push Switch systems.

Oh wait...

This "Switch = Wii U" logical fallacy needs to stop. The two platforms in incomparable in almost every way in terms of their commercial performance and market viability.

This article shows a lack of information for this trade.

For example maybe the trade was a short term scalp and profit was already taken? The $400m could have been faded in over time and the market already moved favourably during that time? The trader may have hedged against other events in other markets or is betting long term which means a small drawdown now is largely inconsequential.

Price action alone doesn't tell the whole story.

Never underestimate our Lord and Savior Miyamoto. 😂

...This just made me want to use the Merchant Job Class in Bravely Default/Second.

@Yosheel Lol, sorry mum...

@Razer Unlike the 3DS the Nintendo Switch did not have to slash it's price to sell that well over that period of time. It's a Premium device who's price has remain stable that is pperforming better than a device that had to slash 1/3 of it's price during the 1st year.

Nintendo have a lot more flexibility in the future to adjust the Nintendo Switch's price if needs be when Than the 3DS where they were pretty much forced into it and was responsible for Nintendo's 1st unprofitabe year in the history of them selling consoles. They're in a much stronger position with the Switch.

@Maxz Nice work, find another 42 of those and you can buy a share in Nintendo!

@WiltonRoots Oh man, in that case I'll have to buy some more sofas!

Analysts see much to love in Nintendo software results:

https://seekingalpha.com/symbol/NTDOY

@JoyconGang Mind your language!

@Maxz Not buying sofas, short-upholsterizing Nintendo futures. Get with the lingo.

@WiltonRoots but Nintendo shares are worthless! I read it on the internet!

Sounded so odd when I first read he was doing that. Now it's just hilarious.

@Razieluigi I will use this example in my economy class if I may. Love it 👏👏

@sportvater Be my guest! Thanks

Reason I said it's more popular is because the trend of this new age is everyone playing mobile. On their phones on vita on 3ds people dont want to be stuck inside a house on a couch restrained to a tv inside people want to be out and about and the switch fits that profile. You cant play ps4 and xbox mobile unless u plug a tv and a ps4 with some sort of DC vault external charger lol but try that while walking down a street. Point is switch can be played ANYWHERE IN THE WORLD IN QNY SITUATION shit if u want to you can be in your mothers closet inside a box if u really wanted to. U can be stuck in a taxi ride or plane for hours and play switch but u cant do that with xbox or ps4 no PC goodluck with that. So yea switch is way more popular imo

@PtM We all do it each time we renew insurance lol. 'I'll bet you 200 quid I write my car off the road this year.'

"this is only the first day since the $400 million bet"

Sounds to me like it shouldn't even have an article then, maybe an update on the original article. Click-padding at it's finest.

That guy deserves to lose every single penny he lost...

Nintendo is just a huge and inconsistent anomaly when it comes to whether or not to invest in them. It sure does lead to hilarity though when analyst think they finally have them figured out. This story has made my day.

silly article , nobody knows what he invested in next it could have gained more than he lost in selling the Nintendo stocks

@brutalpanda You will never be able to convince me to be thankful to or to have respect for those people.

@Heavyarms55 that's accumulation as an end in itself.

PS: Have you seen the meme of the rich guy parking his yacht in his (bigger) yacht?

@Moroboshi876 if i understand it correctly when you short sell you dont actually buy anything your "borrowing" someone elses stock, your essentially tell the guy who owns the stock ok im going to use your stocks and sell them but ill give them all back no matter what in the future. so he gets the stock say at a 1$ today and sells it for the 1$ then waits to rebuy the stock at say .50$ he gives the stock back to the guy and keeps the 50 cent profit. im sure this is over simplified and could be wrong as i dont trade stocks but this is how i understood it.

@DarthFoxMcCloud clearly I DO own a switch, and have since September of last year. But zombie games and the like are garbage, and most of everything on PlayStation and Xbox is crap too. My husband owns those systems and I do not play them. All the games I like are on primarily 3ds, DS, GBA, GC, SNES, n64, NES, and Sega Genesis. I've been a gamer since the 70s, and own thousands of games, so don't assume I have no knowledge in this area.

@Razer God of War is overrated.

Actually read that sentence. Let it sink in.

@Heavyarms55 it's penis measuring honestly. Plus they ran through so many women they got bored of having to make it rain for them. We can be like these greedy bastards or give like LeBron James (but do what you can).

@bluedogrulez

He seemed to know Switch sales would miss target. He missed that profit would be up because of strong software sales. The stock market in general has been a bit of a roller coaster ride recently and I think he has 30 days or so to pay up on this bet. So he may yet do okay.

Hedge fund... Hedge....hedgehog......Sonic....Sonic the hedgehog....must play Sonic the Hedgehog.

Somewhere on the Rainbow Road, Iwata-san is laughing.

What Wall Street Joe doesn't understand is that Nintendo is not just another company to ride for short to med-term gain or dip into for portfolio diversification. They are not a Viacom, Netflix, or Hasbro, nor are they purely an entertainment or hardware company. Nintendo is a fun company, a true public utility and a life investment that will always exist (and succeed in varying degrees). If you invest in this company, you do so not only because you wish to grow in tandem with them, but because you actively want to cultivate and secure a future for a fun, accessible, and different kind of experience that no other company can provide — you invest in Nintendo today so you can hear the Mario theme song blasting out of your grandchildrens' room when you are in your nineties.

@Heavyarms55 brainwashed to hate rich, hardworking and successful people, i get it. i personally don't think money means success in and of itself but if that's what they think they truly want and have earned it legally, then good for them. your hate for anybody is your own transgression. you comfort and limit yourself with it.

@brutalpanda Any your misplaced loyalty is your own transgression.

@Heavyarms55 where is my loyality misplaced?

@Heavyarms55 you literally go out every day and give your money to rich people and bathe yourself in their services and products, but you complain about them. seems insane, don't you think?

@brutalpanda No, I go out every day and give my money to companies that employ hundreds, thousands, even tens of thousands of people and resent the fact that the guys at the top make more than dozen, or even hundreds of their subordinates. But this is the only society I have to choose from. Not like I can just hop in my spaceship and fly to another planet with a different system.

Those super wealthy horde that wealth to themselves despite the fact that they would have none of it without those they stand on. And don't give me one of those "if they went out and started their own companies..." spews, because I've heard it all a thousand times over and don't buy it for a second.

@Heavyarms55 greed is sadly inbuilt into human nature and what you are seeing are people who have unparalleled access to exercise their greed.

I think it will be greed that brings about the extinction of the human race. We're already poisoning ourselves because companies want to use cheap additives in consumer products to stretch the dollar. There is no regulation.

I read that 41 Australians are diagnosed with bowel cancer each day. Each. Day. Where have we gone wrong that we are damaging our very genetics that cause a cancer to grow?

Take the farmer that has their strawberry farm on the side of a busy road. Try and rub your finger along the side of a car wheel and see what is ending up in the food they sell in stores. Brake, tyre and exhaust dusts too fine to see which have absolutely no positive effect on human biology.

Cheap clothing made in china containing carcinogenic dyes that ends up everywhere thanks to the wonders of online shopping. Target stores here had a recall. How many were sold and worn and still are worn before that happened though?

Meats cured with sodium nitrates as a preservative that is a known cancer causing agent. The stuff is used in rocket fuel and fertilisers for crying out loud and they're selling it on a plate to us?

I could go on and on but these are just some examples.

All because the people who are meant to be regulating and looking out for our (and collectively; their) health are too busy trying to make a buck themselves to properly REGULATE.

It wont be a meteor or a virus - our GREED is going to be the cause of this race's demise.

/endrant

Insert Nelson laugh here.

Seriously, I think the whole idea of a gaming company's stock weighing on game announcements is quite ridiculous. That's something that annoys me with modern gaming; it's almost like the "hype" and game announcements are more important than the games themselves.

So many comments from people who have no idea what they are talking about here:

1) this isn't his money, it's the money of people who invested in his hedge fund, like pension schemes as he has said. They also don't directly lose from this, it's a small loss from 1 fund in a pension scheme portfolio. Pension funds are run extremely responsibly in general and holding funds like this which are "different" helps to diversify against the mostly more traditional assets

2) Short selling serves is important in the market, it helps keep stock prices to their true value and can highlight poor practice, short sellers were the first to spot the issues at Enron and Lehmans

3) He isn't deliberately manipulating the market, he isn't looking for any of this publicity around this - this has become news because Bloomberg have liked it up after looking at the filings he has to make because the position is now a certain size. He also likely hasn't made a loss and has probably been building this for months, it's only reached the threshold for disclosing in the last couple of days

4) Investors and banks are essential for the economy. Go read a basic economics book before writing everyone off as greedy

...and this folks, is why you never place big bets in a market that you are unfamiliar with. Nintendo was getting undervalued and anyone who knows anything about the gaming industry knew it.

@NEStalgia ah but here in the UK we have to go out of our way not to pay into a pension pot. It’s an opt out system because of the way the law works here.

Shorts and futures are not new things. The Cistercian monks who owned most of Northern England in the Middle Ages were trading futures in wool production for centuries (all profits to god I suppose?).

I was fortunate enough to study a module on Financial Maths when I was at university and found it very interesting. The main thing I’d take away from it is this: it’s all about the legal and social ecosystem around the transactions. The instruments themselves are mathematically sound but our legal systems are flawed or have the wrong priorities. They also often lose sight of the importance of transparency.

This is probably why, throughout history, radical reformist leftist movements like Christianity and Islam have gone into the temples of the money lenders and tipped the tables and told their followers “no ifs or buts, no subtleties, don’t even try to understand it - if you take or pay interest then you’re going straight to hell”.

Still I’m ok. I happen to have a few notes signed by the Governor of the Bank of England himself promising to pay me in pounds of gold on demand.

A pound of gold is worth well more than a £ so I figure I’m laughing at this point!

aaaaaannnnnndddd he is still ultra wealthy. Guess the jokes on us.

@JayJ He didn't lose 400 million dollars. He just sold stock worth 400 million dollars believing he could buy the stock back plus some for the same amount of money. So yeah, if he wants the same amount of stock he would have to pay more to get it, but he still has that 400 million dollars. And that is just what he has in Nintendo. Obviously he is sitting on a whole lot more.

why should we as consumers/gamers care about nintendo's stocks? I'm not a shareholder, a board member or anything and I don't act like I understand how any of it works. nintendo has loads of cash and they're not going anywhere any time soon, so relax and buy what you feel like buying and skip what you don't like, just don't act like some arm chair stock broker

@PanurgeJr To be fair, so is Mario Odyssey if you look at it objectively. Lets just be real for a moment, if God of War came on the Nintendo Switch, you wouldn't say that.

@JoyconGang to state something is more popular, can not be a personal opinion, that just doesn't make sense. For it to be more popular, it has to be a proven fact and it is not, it is not proven by actual sales data that point to the fact that it is NOT more popular.

@Dr_Lugae yes but that is easily offshot by the slightly lower sales of the Nintendo Switch.

Let me put it to you another way, Nintendo's last gen of hardware was not considered overly successful, the 3DS managed to do okay in the end (it is still their worst selling major Nintendo handheld ever though), and the Nintendo switch is looking to match that.

The problem with this is Nintendo's hardware sales have always historically been counted in two divisions, both home console and handhelds, this is now not the case.

For the Switch to be considered a success for the business in total, it will need to sell more than the combined sales of both the WiiU and the 3ds (so more than 85m)... even only hitting that would mean their success in terms of actual sales will only be as good as it was last time.

But the difference will be the profit margins should be higher this time, that's a different subject though.

In fact put it this way, do you honestly think the Switch can sell 260m units? because that's what it would need to do to match Nintendo's most successful period (2005-2010).

@Dr_Lugae essentially Nintendo made a HUGE gamble, one that is largely unnoticed, but from a business point of view, they are betting everything on one project, they have NEVER done this aside from the NES and even that got the GameBoy as a fallback midway through its life.

Nintendo cannot make a separate dedicated handheld at this stage, the move would slaughter them, people would be confused and the market would turn against them for it. Their only option would be to release a Switch Mini at a lower price.

They also need to start making those handheld games, 2d Mario, mini Zelda ect... all need to be on the Switch, i haven't heard anything about them which is worrying in itself.

Rule number 1: Never bet against Nintendo or you'll lose your money

@Razer Nope. Just like a good game is a good game, an overrated game is an overrated game, regardless of what system it's on. Try again.

@StuTwo If anyone knows how to turn a profit, it's the Roman Catholic Church. J.P. Morgan could have learned a few tricks from those guys...

@PanurgeJr lol subjective is subjective, just because you think Mario is a good game doesn't mean everyone does, in fact why don't you go read through the comment section of https://www.nintendolife.com/news/2018/07/guide_the_best_mario_games_-_every_super_mario_game_ranked

actually read other peoples opinion of the game, because outside of the initial story, the game is real bad.

God of War is actually fun to play, your opinion of it being over rated is totally fine, i don't think those voting on GOTY this year will agree but you are free to think what you like, the only thing i enjoyed about Mario was the novelty, after that wore off, the game fell off a cliff.

so to coin a phrase... Try again?

@Razer When I said try again, I was referring to your claim that I'd laud God of War were it on Switch. That should have been clear.

I like this last response, though. I've never said anything about Mario (you can go through those comments you linked); that you're imagining I have means I've struck a nerve.

@Jawessome yeah but that greed goes both ways, just as he said himself in his first post, he's greedy too. if you don't want to feed the ultra-rich directly and be poisoned every day, you don't have to. go to the local farmer's market and buy organic groceries, wash them when you get home. go to local clothing shop, etc. to say they are too expensive while being able to upkeep a video game hobby is being greedy too. that's why i fell out of that "hate the rich" mindset. they are rich because of people who want to buy quality products for less money and more of them. we have a choice and if we don't want to be part of the grid then we can find a small shack on a piece of land, grow our own vegetables and food, etc. people don't need electricity even, much less a Switch. but most people like the OP don't give up on those things because they are greedy just as much. he wants the easy food and necessities for less money so he can buy his entertainment and he's willing to give his money to a rich man to get it then acts like he has no choice. it's delusional. he does the exact same things as that rich guy he's complaining about but on a smaller scale, nevertheless his functionality is exactly the same or even more greedy because there are a lot of rich people who are humble with their money and don't act carelessly to it.

@Grawbad He was borrowing stock for this move, it wasn't buying and selling that is just traditional trading. Due to the stock going up in price, he will have to pay back the added value, which is apparently over 27 million.

@Heavyarms55
$400 million could pay a year's wage for over 7000 average income people in the states? I think you might be underplaying how much $400 mil is or you are thinking Doctors and Lawyers are average income folk.
Either way, yeah, I don't understand why people with a boat load of money continue to want more. I sound greedy when I say I want a million, but then look at rich folk who wouldn't get out of bed for anything less than 90 million.

@Kinoen The information I found says that the average income in the US is about 56,000-59,000 a year. 400million divided by 56 thousand is about 7142.

That average income is the "real medium income" according the the US census as of 2016. Though I imagine it is skewed upward by the extremely wealthy.

@Heavyarms55 that’s the household median income figure. The “average” (white) person in the US earns around $30,000.

@StuTwo I stand corrected.

@Heavyarms55 those people mostly buy it because of 1 reason: prestige and showing off

and it really disgusts me too! I have absolutely no problem if someone want to live a little bit or a little more luxurious like buying a villa, driving a sport car and buying a little boat, if it's properly earned with paying ok/good wages to the workers. But still at one point one can donate the money to people who really need them or invest at least in places which benefits the society instead buying a big yacht as big as the Titanic or a big Boeing like wtf?

@MisterDevil +1
well i see it as boredom.
there is absolutely nothing you cant do with so much money, so eventualy you get bored.actualy these guys have no [removed] life or real friends. believe me i know alot of these people i have some very rich family members. you have to act and not be yourself around the parasites that surounds you.

people you think that are friends, are gone when you are out of money, they sit next to you and smile in your face, want to hang out with you because you're succesfull. its a fake reality. bragging among eachother what they have, and backstabbing eachother.

at least we "the lesser rich", can have pleasure with our hard earned pocket money and have real friends, and family love. therefor, i pity the (filthy)rich because they are lonely.

money has its toll. my advise is, stay yourself and
just look at what you have, not at what you don't have. otherwise you never enjoy life, and die alone with scavengers for your heritage around your hospital bed

@Razer
maybe so,but you forget that botw has no bundle pack, it is already sold seperately FULL price over estimated 8,5 million copies. retailers and nintendo make more money on botw then sony on god of war, wich has a fast pricedrop,wich also have to be kept in mind the switch has only 20 million owners against 90 million ps4 users. and we don't talk about the best selling game on the switch either.

so don't brag about sony, the software on the nintendo switch is more succesfull, and you will be noted with the realease of pokemon and ssb. its a money machine for developers.

i totaly agree about red dead redemption though, i think it can be the best sold game ever made, but hey its rockstar, everybody want to play that game.

@PALversusNTSC Mind your language!

@PALversusNTSC

that's sad... I hoped that at least only a minority of the rich ones are like that :/

well money can't buy hapiness despite many people saying it, instead a heart does...