The guest and the host have different opinions on the investment strategies of the Ape Movement and their motivations to make money and stick it to Wall Street due to the formative experience of the financial crisis. Other billionaires like Chamath Pallipiti had also made money off of young retail investors.
Michael Batnick discusses the GameStop short squeeze, conspiracy theories, and the potential future of trading.
The GameStop short squeeze caused economic disruption due to firms gating the ability for people to transact in stocks, potentially due to insolvency. Some hedge funds manipulate markets with short selling, and the debate about the fundamental value of GameStop morphed into a momentum trade.
This podcast episode discusses the emergence of a new morality among failed entrepreneurs who were raised with the idea of challenging centralized elites, and whether this could lead to damage on the economy and the world.
The speaker highlights the importance of having access to information for making investment decisions, even in times of crisis like the COVID-19 pandemic, and the value of keeping an eye on market sectors as they fluctuate.
On this episode, they discuss the recent GameStop stock craze and debate whether the average retail investor really has a chance against the massive hedge funds at their own game.