In this episode we discuss the recent move by the sub Reddit community, WallStreetBets, to stick it to the hedge fund community by going long on stocks such as GameStop, causing for peer bailouts of smaller hedge funds to answer the margin calls. We have been saying this for the last decade -this market is about war and profit and not value creation. It may be time to reconsider your priorities given this unique window into the stock market madness.
Resources and Mentions:
Flash Boys : A Wall Street Revolt
Previous Podcasts:
BCM Episode "10 Essential Principles for Investing in 2021"
BCM "The Mindset of an Investor Series"...
Mindset of An Investor, Lesson #1