I have to say up front, I find this kind of attitude incredibly infantilizing and condescending.
Exactly how many "bag holders" did Chamath "create"? (Hint: Zero.) Obviously the "bag holders" are assuming the risks themselves, as is (absent any evidence to the contrary) Chamath. They're on a forum literally called "Wall Street BETS" (emphasis mine). If a millionaire announces he's playing the slots and subsequently wins the jackpot, is he "responsible" for everyone else who subsequently plays slots?
(He didn't make this argument as well as he could have, but Chamath himself points out that when Goldman or AIG played stupid games, everyone else was conscripted into being the "bag holders.")
Also, exactly how many people are we even saying Chamath influenced? How many people were undecided about making the GME trade and then said, "welp, Chamath is long so YOLOOOOO?" And how many of these people traded irresponsibly (e.g. overleveraged, invested their life savings)? I would bet the number is small, even negligible.
> His plan to make hedge funds disclose their positions daily as some kind of a solution to overleverage makes no sense whatsoever.
Correct me if I'm wrong, but I don't think he ever proposed this as some sort of affirmative plan. What I heard was him pointing out the asymmetry of which entities are required/voluntarily publish their positions. If hedge funds had done that, the 136% thing would never have happened for obvious reasons. I interpreted it more as a response to the interviewer's pearl clutching about the market having no "integrity" because a stock price deviated from the "fundamentals" for a time under some bizarre circumstances.
> And he’s delusional about research skills of WSB posters as compared to Wall Street analysts.
If you're correct, then you can easily show us your short positions contra WSB research/herd mentality/irrationality/<pejorative> and we can track how well you end up compared to WSB.