He saw an opportunity and he capitalized on it when no one else would even listen." - Xylosoxidans I'd say he's the Michael Burry of this generation. He would just reply with memes or little quips. His ability to take criticism and roll with it is incredible. "He's been harping on about GameStop since it was $4 a share and was being laughed out of Wall Street Bets. "DFV is an example of learning the ropes of trading, putting in the hours to gather all the relevant information for an investment thesis, and ultimately having the strength of willpower to stand by your plan." - BarTendiess "A lot of people laughed and thought he would lose it all until a few months ago. When a commenter pointed out he had made a profit on his GameStop position in December 2019, he replied, "SO FAR BUT THAT IS IRRELEVANT YELL AT ME FOR BEING DUMB OR BE DOWNVOTED."
Moreover, he has a self-deprecating sense of humor. He often pairs a bandana with sunglasses, and recently dunked a chicken tender into a glass of champagne to celebrate his massive windfall - a reference to "tendies" being the slang for investment gains on Wall Street Bets. While DFV takes investing seriously, he also plays to his audience. The retail investor said he was bullish on GameStop because he viewed the threat of an industry-wide shift to digital game purchases as overblown, thought the negative sentiment around the company was overdone, and believed the value of its business was being overlooked. The shares were trading around $4 then, giving the retailer a paltry $260 million market capitalization (it surged past $30 billion at one point last month).
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He's dismissed daily price moves, trumpeted the video-game retailer's free cash flow, touted its cheap shares, highlighted its competitive moat, underscored the opportunity for share buybacks, and celebrated its shareholder-aligned management.ĭFV laid out his investment case for GameStop in an hour-long YouTube video in July 2019, the month after he made the stock the biggest holding in his portfolio. He's calmly and confidently defended his GameStop investment thesis since his first post about it. His Reddit comment history and Twitter feed may be littered with cat memes and reaction GIFs, but DFV has repeatedly stressed that his goal is to invest shrewdly and maximize his long-term returns. Rather than flitting from hot stock to hot stock, his only posts on Reddit have been screenshots showing the value of his GameStop position, dating from September 2019 to February 3. Cat memes and cash flowĭFV is a far cry from the stereotypical day trader many associate with Wall Street Bets. However, several of his peers on Wall Street Bets shared their insights into his character and explained why he's earned their respect and admiration. Their goal was to score quick profits and squeeze short-sellers into covering their positions, sending the stocks even higher.ĭFV didn't respond to multiple requests for comment from Insider. They also worked in concert to spike the stock prices of AMC, BlackBerry, Bed Bath & Beyond, and other heavily shorted stocks.
Members of Wall Street Bets - a retail-investing subreddit - led the charge in driving GameStop shares up as much as 2,000% in January. He shot to fame last month for turning an initial $54,000 investment in GameStop in 2019 into a $48 million fortune at the height of the GameStop boom, according to screenshots he posted on Reddit that Insider was unable to verify.ĭFV is one of several witnesses set to appear in front of the House Financial Services Committee to discuss their roles in the GameStop saga.
The man behind those usernames is Keith Gill, a 34-year-old marketer and financial educator at insurance firm MassMutual. A retail investor who goes by u/DeepFuckingValue on Reddit and the name Roaring Kitty on YouTube is set to testify before Congress on Thursday.
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