The 20 year old who sold $110 million worth of BBBY did an interview and apparently is not to fond of us here at WSB…
Jake Freeman, the 20 year old nephew of a hedge fund manager who made over $80 million on a BBBU play just did an news interview. You can find an article with highlights here and the full audio of the interview in this twitter link here. Of particular note, he states that he is "taken aback" by the " visceral responses and strongly opinionated responses from the Reddit community." The article further states that "Freeman hinted that he didn't make an activist play at Bed Bath & Beyond because Ryan Cohen, the activist investor and GameStop chairman, was already pushing for changes at the company." To which freeman stated "There is a phrase: Too many cooks in the kitchen."
To which I say, obviously, Mr. Freeman just got lucky on making a large investment with his "investor's" (obviously his uncle's) money and had utterly no idea what he was actually doing for if he truly believed that Cohen was "pushing for changes at the company", why would he have bailed before Cohen actually implemented those changes? The answer is of course, that i'm sure Freeman realized that making $85 million off of someone else's money is not half bad when your 20 years old and in college. Despite Freeman's inane commentary, there is a good lesson to be learned here. If your wild YOLO of a play finally does pay out and you see yourself with a nice pile of gains SELL! You can't spend the money if you don't take the money!
Submitted September 07, 2022 at 10:38PM by ScipioAtTheGate