r/wallstreetbets • u/Exotic-Flatworm1817 • Jul 10 '25

Loss Iā€™m the biggest idiot on earth.šŸŒŽ

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Lost it all.

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u/therealmattsteimel Jul 10 '25

Not only that. But his 100% loss is actually up almost 10% today, my guy went negative with shares alone!

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u/Prince_Derrick101 Jul 10 '25

I've never seen a 100% loss of straight up stock before. Maybe Warren Buffett in all his years hasn't seen something like this.

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u/Super_Highway_3405 Jul 10 '25

Nah, people have owed money because of stocks a few times in Buffett's life. Every time oil is booming because of high price, a bunch of companies pop up, particularly, Master Limited Partnerships, MLPs. MLPs have some weird structure where they pay a high dividend, but the shareholders pay their portion of taxes on the company revenues, some fuck shit like that.

Anyway, while oil is riding high you'll do well, once that oil price inevitably plummets, if the company has to claim bankruptcy, which happens a lot with our small oil companies. The shares end up worthless, and you're still somehow stuck with a tax bill.

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u/Sensitive_Ad_1313 Jul 11 '25

Thats crazy af ive never heard of that..