r/news Jan 14 '22 Silver 19 Gold 1 Helpful 19 Wholesome 18 Evil Cackle 3

Shkreli ordered to return $64M, is barred from drug industry

https://apnews.com/article/martin-shkreli-daraprim-profits-fb77aee9ed155f9a74204cfb13fc1130
54.9k Upvotes

View all comments

Show parent comments

233

u/CptTurnersOpticNerve Jan 15 '22

If he wasn't the kind of moron that spends money on exclusive albums he should easily be able to live off interest

243

u/hardknockcock Jan 15 '22 edited Jan 15 '22

That album is legitimately a better investment than more things you would think.

-This is a sponsored message from Wu-Tang financial-

104

u/cfetzborn Jan 15 '22

Protect yo goddamn portfolio! Shit was basically the first NFT

43

u/Juicepit Jan 15 '22

You need to diversify yo bonds

2

u/purplppleatr Jan 15 '22

Protect ya got damn neck

1

u/terfsfugoff Jan 15 '22

What about like, every painting or sculpture ever?

1

u/cfetzborn Jan 15 '22

This is true, but their are reprints and forgery’s. Sorta different I think.

1

u/terfsfugoff Jan 15 '22

How is that different from NFTs

1

u/cfetzborn Jan 15 '22

Can’t forge the original NFT, it’s in the blockchain. You can save a screenshot though, I’d argue that’s different.

18

u/Nord4Ever Jan 15 '22

Diversify yo bonds!

3

u/295DVRKSS Jan 15 '22

Well cash rules everything around me

2

u/koreanjc Jan 15 '22

PleasrDAO is goin to be releasing it.

2

u/BaldOrzel Jan 15 '22

Smith Barney? Buncha bitches

2

u/ommi9 Jan 15 '22

Diversity yo bonds…..

2

u/Finklax31 Jan 15 '22

WU-Tang is for the children…

1

u/NastySassyStuff Jan 15 '22

Clout rules everything around me

226

u/iVirtue Jan 15 '22

His investments were spot on. Just look at REGN. It probably did better than he even expected thanks to covid.

20

u/timisher Jan 15 '22

Stocks damn near doubled since he was in jail.

6

u/bubumamajuju Jan 15 '22

And the biotech stocks he played went up a lot more. If he could actively trade through the pandemic I’m sure his portfolio would be up massively.

25

u/Most_Association_595 Jan 15 '22

Lmao this is poor people mentality right here You can have your playthings, just make sure you’re on top of your game. You really think a 1 million album is a drop in the bucket compared to his nw? Plus you’re still taking about it like 6 years after this happened

1

u/suitology Jan 15 '22

His personal net worth is 80m. So that's 1/80th of a bucket which would be many drops

2

u/Most_Association_595 Jan 15 '22

Uh no 1.25 percent is a drop in the bucked. If you have 400k next worth, you can definitely afford to splurge 5k on something nice. Also, where exactly are you getting that number from? I’m pretty sure I read his nw > 100mm

0

u/suitology Jan 15 '22

A drop is less than 1.25% of a bucket

1

u/Most_Association_595 Jan 15 '22

Oh fuck off with this nonsense. The point is that it’s inconsequential

1

u/suitology Jan 15 '22

If he has a habit of these purchases then no it is not

1

u/Most_Association_595 Jan 16 '22

no one is arguing about that.

3

u/Barkwits Jan 15 '22

You're the moron dude. Scarcity creates value.

3

u/gearnut Jan 15 '22

Not quite, demand relative to supply creates value until the market cannot pay the cost.

There is a limited amount of demand for an exclusive record which was initially valued at a high cost.

4

u/youdubdub Jan 15 '22

One would think everyone has lost interest in that conveniently-scapegoated bag of dicks by now.

2

u/Lost4468 Jan 15 '22

Dude's a massive prick, but from what I have seen of him he lives well within his means. He does weird shit like the albums, but that's about it.

In reality though I think he's just lying about half the shit. Dude's pharmacy knowledge is flakey as fuck yet he would stream hours of himself trying to design new drugs and shit.

I don't know how much money he really has. I'm sure it's a lot, but $100m I doubt.

1

u/fnordal Jan 15 '22

he also bought high end magic cards. They are safer than gold, and grow much more.

-19

u/Flaky-Illustrator-52 Jan 15 '22 edited Jan 18 '22

Not at current rates lmao, that 0.01% interest rate in a savings account gets you $10,000 annually

Not that you'd put 100mil into a savings account anyway because that's stupid

Edit: why are you booing me? I'm right

0

u/Wild_Property7613 Jan 15 '22

Oooh it’s that idiot!! I knew his face was familiar!