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David Barrett, III

Co-Founder at DiscoverWealth

David Barrett, III is a Co-Founder of DiscoverWealth, a company he has been associated with since January 2016. Based in North Las Vegas, Nevada, Barrett has a strong background in technology and investment strategies, particularly focusing on artificial intelligence (AI) and its implications for various industries, including food and agriculture. He emphasizes the importance of being timely in investment decisions and believes in the value of perseverance and continuous improvement in entrepreneurship.12

Before founding DiscoverWealth, Barrett was involved in several ventures, including serving as the CEO and Co-Founder of Barrett Investment Group, where he consulted on investments across various sectors. His career also includes a role as Interim CTO at Philibus, a company aimed at enhancing educational experiences through technology.1

Highlights

Feb 2 · linkedin

I am a huge Bill Withers fan. Demi Lovato worked wonders on one of his songs at the inauguration. I just can't stop listening to this:

Feb 1 · linkedin

The press, financial pundits and regulators are missing the point on GameStop!

It is somewhat laughable that the press and financial talking heads are stoking the media fires to make the traders the scapegoats in the latest financial debacle involving GameStop.

Questions like: What were the small traders thinking when trading stock in a company with suspect financials?

The question that should be asked: Why in the hell would a hedge fund take such risks at short selling? The potential loss is unlimited if the stock goes way up.

The setup: a bunch of traders see that the short interest in a stock is high and the float is lower than normal. The chatter takes place. Social media, investment clubs and lone wolf traders pile in and start buying. The stock begins to rise. For the short sellers, the margin calls line up like dominoes. The frenzy starts. The short seller gets squeezed.

Now imagine a hedge fund with tens of thousands or even millions of shares trying to get out. Funds cannot maneuver that fast!

Flashback: the funds that lost billions betting against Tesla a few months ago. The setup was perfect. The complaints were short-lived about the hedge funds losing billions betting against Elon Musk! (hedge funds were not amused when Musk delivered the diapers to them)

Related Questions

What inspired David Barrett, III to co-found DiscoverWealth?
How has David Barrett, III's experience with AI influenced his investment strategies?
What are some of the key projects David Barrett, III has worked on at DiscoverWealth?
How did David Barrett, III's role as Interim CTO at Philibus shape his career?
What challenges has David Barrett, III faced in his entrepreneurial journey?
David Barrett, III
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Location

North Las Vegas, Nevada, United States