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7 episodes with spencer jakab
3 episodes with spencer jakab
2 episodes with spencer jakab
2 episodes with spencer jakab
2 episodes with spencer jakab
2 episodes with spencer jakab
2 episodes with spencer jakab
2 episodes with spencer jakab
2 episodes with spencer jakab
P.M. Edition for June 23. President Trump said the U.S. received advance notice of Iran's attack and thatno Americans were harmed and little damage was sustained. Trump indicated that he believed the attack wouldn't escalate the crisis in the region. WSJ national security reporter Lara Seligman joins to discuss how the U.S. might respond. Plus, investors prepare for the possibility that Iran could close the Strait of Hormuz, the world's main energy shipping artery. We hear from WSJ investing columnist Spencer Jakab what impact this would have on oil prices and inflation. And fewer Chinese companies are listing on U.S. stock exchanges. James Areddy covers Chin a for the Journal and explains how the U.S.-China relationship fits into it. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Sign up for the Markets A.M. Newsletter by Spencer Jakab Learn more about your ad choices. Visit megaphone.fm/adchoices
P.M. Edition for June 13. Iran sends dozens of ballistic missiles to Israel in retaliation for Israel's ongoing attacks against Iran's nuclear program and military leadership. WSJ White House reporter Alex Leary discusses what the escalating conflict in the Middle East may mean for President Trump, who has long said that the U.S. should pull back from foreign entanglements. Plus, we hear from Journal investing columnist Spencer Jakab about how markets are reacting to the conflict. And merchants like Walmart and Amazon are exploring launching their own stablecoins. WSJ reporter AnnaMaria Andriotis talks about why, and what impact that could have on banks. Alex Ossola hosts. Israel-Iran conflict live blog Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
P.M. Edition for June 11. China's lock over rare-earth magnet exports helped bring the U.S. back to the bargaining table over trade. WSJ economic policy reporter Gavin Bade discusses how China gave the U.S. some access in the tentative deal, but kept some control, which gives it leverage in future trade negotiations. Plus, arrests grow as more cities plan demonstrations after the unrest in Los Angeles. Journal reporter Sara Nassauer explains how Home Depot became Ground Zero in President Trump's deportation push. And U.S. consumer prices rose slightly in May, defying fears that tariffs would have driven up prices. WSJ investing columnist Spencer Jakab talks about what that means for the Fed's meeting next week. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
P.M. Edition for June 3. As the U.S. debt grows—and with the “big, beautiful” spending bill set to push it even higher—some on Wall Street are warning that the debt level might soon be unsustainable. And, though it's not the first time we've heard such warnings, WSJ investing columnist Spencer Jakab joins to discuss why this time they're worth listening to. Plus, Elon Musk criticizes President Trump's tax-and-spending bill, calling it a “disgusting abomination.” And the White House sends a $9.4 billion rescissions package to Congress codifying cuts identified by Musk's Department of Government Efficiency. WSJ reporter Jasmine Li talks about what the package includes, and the president's broader goal behind it. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
Bonus Episode for April 29. Every U.S. manufacturer faces increased costs because of import tariffs and other countries' countermeasures, but those making weapons have reason to be both worried and hopeful. WSJ Investing columnist Spencer Jakab discusses with WSJ reporter Sharon Terlep what Northrop Grumman, RTX, General Dynamics, Boeing and other defense companies have reported for their first quarter earnings and what that means for the sector and the broader U.S. economy. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
In this special bonus episode of WSJ's Take On the Week, we dive into the most pressing questions for investors about tariffs and markets following the news of President Trump's 90-day pause on some of his largest import taxes. Co-host Telis Demos is joined by two friends of the show, WSJ reporter Miriam Gottfried and investing columnist Spencer Jakab. They get into which sectors are most exposed to tariffs, how consumer-facing companies such as Restoration Hardware and car-parts sellers have been affected, the political calculus behind the tariffs, and what the repeated policy shifts mean for the dollar as the world's reserve currency. Further Reading Live Q&A: What's Happening With the Markets?—Our Reporters Answered Your Questions Trump U-Turn Halts the ‘Sell Everything American' Trade, but the Fallout Remains Democrats Seek Trading Probes After Trump's Tariff U-Turn Trades Before Trump Tariff Post Draw Scrutiny Sign up for the WSJ's free Markets A.M. newsletter written by Spencer Jakab.
P.M. Edition for April 9. U.S. stocks stage a furious rally after Trump announces a 90-day pause on reciprocal tariffs. WSJ investing columnist Spencer Jakab discusses the market reaction, and markets reporter Ryan Dezember breaks down what the tariff pause means in practice, as China was a big exception to the pause, with Trump saying the tariff rate on Chinese goods was now 125%. And, no matter what the tariff rate is, putting new levies into practice will make the act of importing much more complicated. Liz Young, who covers logistics and the supply chain for the Journal, walks us through how it works. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
A.M. Edition for Feb. 26. WSJ foreign correspondent Ian Lovett explains how Washington and Kyiv bridged differences over security guarantees and future mineral revenues to strike an agreement Ukraine hopes can reset relations with President Trump. Plus, House Republicans pass a budget plan, overcoming disagreements on the size of proposed spending cuts. And investing columnist Spencer Jakab unpacks the widening gap between the expected returns of large U.S. growth stocks and cheaper alternatives abroad. Luke Vargas hosts. Sign up for the WSJ's new Markets A.M. newsletter here—it's free! Learn more about your ad choices. Visit megaphone.fm/adchoices
A.M. Edition for Feb. 12. WSJ columnist Spencer Jakab says a new twist on value investing is turning attention to companies returning gobs of cash to shareholders. But does that mean growth is dead? Plus, Elon Musk defends his government cost-cutting drive as President Trump hands DOGE more authority. And the WSJ's Jason Douglas explains which countries are likely to bear the brunt of reciprocal tariffs promised by the president. Luke Vargas hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
AI was a big stock market theme in 2024. We've talked about it, and heard it many times. But it was far from the only thing that happened in stocks last year. We saw record-breaking growth from power companies like Vistra. Cult stocks like Palantir and MicroStrategy also had a moment. And of course, Nvidia, a company that needs no introduction, had a blockbuster year. But where there are winners, there are also losers. The announcement of Walgreens' potential sale highlighted the challenges within the retail pharmacy sector. Shares of the biotech company Moderna also slumped partly due to waning demand for its Covid-19 vaccine and booster. And discount chain Dollar Tree took a hit this year as its shoppers showed signs of belt-tightening. For our first episode of 2025, we're joined by global editor of WSJ's Heard on the Street column, Spencer Jakab, and deputy editor of WSJ's Heard on the Street, Aaron Back, to reveal more of the market's winners and losers in 2024 and examine what their wins or losses could mean for investors and the economy in the year ahead. Further Reading Walgreens Is in Talks to Sell Itself to Private-Equity Firm Sycamore Partners Tech-Loving Hedge Funds Have a Crush on Utility Stocks For more coverage of the markets and your investments, head to WSJ.com, WSJ's Heard On The Street Column, and WSJ's Live Markets blog.
The famous investor and muti-billionaire CEO of Berkshire Hathaway is doing something unusual: selling stocks and hoarding cash. WSJ's Spencer Jakab breaks down possible reasons why and what everyday investors can learn from his choices. Further Reading: - Does Warren Buffett Know Something That We Don't? - A $150 Billion Question: What Will Warren Buffett Do With All That Cash? Further Listening: - Charlie Munger: Curmudgeon, Sage and Investing Legend Learn more about your ad choices. Visit megaphone.fm/adchoices
Can high mortgage rates hold homeowners captive in their current situations? Spencer Jakab, the global editor of Heard on the Street at The Wall Street Journal, joins us to unravel the complex web of the housing market, where historically low mortgage rates have shackled homeowners, creating stagnant turnover and inflated prices. Gain insights from Spencer as he shares the intricacies of choosing topics for financial commentary and uncovers the global disparities in stock market valuations, illustrated by the Hyundai IPO in India. Together, we explore how engaging content is crafted to meet reader expectations in a fast-paced digital world.The economic landscape is shifting, and rising yields are at the forefront of this transformation. We delve into the cascading effects of increased borrowing costs on mortgage rates and housing turnover, painting a picture of a market in flux. As we discuss the potential impacts of political decisions on federal budget deficits and public debt, the conversation expands to a global scale. Discover the interconnectedness of economies as we draw parallels with other nations' fiscal challenges and speculate on the ramifications of political changes.US stocks have shown remarkable dominance, but is it time to look beyond familiar borders for investment opportunities? Our discussion moves to the global stage, where Warren Buffett's strategic moves in Japan highlight the potential rewards of diversifying into undervalued markets. We examine the trends in AI investments and their uncertain returns, drawing comparisons to past technological booms. Throughout, we underscore the importance of overcoming home country bias and the benefits of a diversified portfolio in capturing opportunities across emerging and undervalued markets. Join us as we navigate these compelling financial narratives and the challenges they present to modern journalism.The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.Join Sasha Graham and icons, athletes, and every day folks from the sports world to learn the secrets to living your very best life. No athletic ability required! www.SportsWillSaveUsAll.com Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive. Foodies unite…with HowUdish!It's social media with a secret sauce: FOOD! The world's first network for food enthusiasts. HowUdish connects foodies across the world!Share kitchen tips and recipe hacks. Discover hidden gem food joints and street food. Find foodies like you, connect, chat and organize meet-ups!HowUdish makes it simple to connect through food anywhere in the world.So, how do YOU dish? Download HowUdish on the Apple App Store today:
P.M. Edition for Nov. 11. WSJ reporter Brian Schwartz on how President-elect Donald Trump's team is choosing who will staff his White House. And prediction markets had a big moment coming out of the presidential election. WSJ markets reporter Gunjan Banerji discusses whether they're here to stay. Plus, Heard on the Street global editor Spencer Jakab on what Warren Buffett could do with his $325 billion cash stockpile. Tracie Hunte hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
P.M. Edition for July 26. A new Wall Street Journal poll finds Kamala Harris and Donald Trump are virtually tied after President Biden stepped out of the race. WSJ editor Aaron Zitner breaks down the results. And WSJ columnist Spencer Jakab warns that junk stocks could be dragging down the returns of our stock index funds. Plus, new U.S. inflation data keep the door open for an interest rate cut in September. Jennifer Maloney hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
In Episode 367 of Hidden Forces, Demetri Kofinas speaks with Spencer Jakab and Andrew Left. Jakab is an award-winning financial journalist who edits the Wall Street Journal's “Heard on the Street” column. He is also the author of “The Revolution That Wasn't,” a book about the meme stock craze that overtook the video game retailer GameStop in 2021 and the heroes and villains, like activist short-seller Andrew Left, who made that story so captivating and powerful. As the founder of Citron Research, Andrew famously bet against GameStop during the mania of 2021, only to get squeezed out of his position as the stock rallied to the unimaginable heights of $483 per share. Last week, amidst the excitement and uproar of Keith Gill's anticipated return as ‘Roaring Kitty,' the hero of Wall Street Bets and the face of the GameStop meme craze, Andrew announced that he was at it again, taking a new short position in the video game retailer, albeit at a significantly reduced size from the one he was forced to close three years ago. Demetri devotes the episode's first hour to recapping the GameStop meme craze and how it relates to the concept of Financial Nihilism that he developed in 2019 and about which he began publishing episodes in early 2020. He, Andrew, and Spencer discuss the role of narrative investing, the characters that make up a good financial story, and how those character archetypes come together to generate interest and excitement around a given company's stock or crypto token in the hopes that it could lead to life-changing profits, a communal sense of belonging, and a whole lot of fun. In the second hour, Demetri asks Andrew and Spencer if they think that this latest resurgence in the price of GameStop is a late aftershock to the 2021 meme stock mania or if it is a sign of things to come as liquidity ramps higher ahead of the 2024 election. Kofinas also asks Left about how this investment philosophy of financial nihilism has impacted the ability of activist short-sellers like him to operate, what he thinks explains this change in attitude towards the stock market among Millennials and Zoomers, and how the forces driving it are impacting our politics and society at large. You can subscribe to our premium content and access our premium feed, episode transcripts, and Intelligence Reports at HiddenForces.io/subscribe. If you want to join in on the conversation and become a member of the Hidden Forces Genius community, which includes Q&A calls with guests, access to special research and analysis, in-person events, and dinners, you can also do that on our subscriber page at HiddenForces.io/subscribe. If you enjoyed listening to today's episode of Hidden Forces, you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe and Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 06/12/2024
P.M. Edition for June 12. Federal Reserve officials indicated most are in no hurry to lower rates, even after a report showed inflation eased last month. Spencer Jakab, global editor of Heard on the Street, has more. And investigative reporter Joe Palazzolo discusses how several female employees at SpaceX say its founder Elon Musk showed them an unusual amount of attention or pursued them. Plus, U.S. travelers can now renew their passports online. Pierre Bienaimé hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
Learn why randomly choosing individual stocks can beat expert investing strategies — and what that means for your portfolio. Can random stock picks outperform Wall Street professionals? What kind of portfolio returns can low-cost index investing drive? Hosts Sean Pyles and Anna Helhoski delve into the astonishing results of a dart-throwing experiment by Wall Street Journal columnist Spencer Jakab and his team, which pitted random stock selections against high-profile hedge fund picks. The hosts explore this intriguing setup and its outcomes, offering actionable insights into the power of simple, low-cost index funds and ETFs over expensive investment managers. Their insights are intended to offer a better understanding of the practicality of low-cost index funds, the importance of maintaining a diversified portfolio, and the pitfalls of frequent market adjustments. Then, Sean and Anna delve into the latest financial headlines, including findings from the Federal Reserve's Economic Well-Being of US Households report for 2023, April's drop in home sales, and Google Flights adding Southwest Airlines fares to its search results. In their conversation, the Nerds discuss: index funds, investment strategies, stock market, ETFs, dart-throwing experiment, investing tips, low-cost investing, financial wellbeing, active vs. passive investing, hedge funds, portfolio diversification, The Wall Street Journal, stock picks, investment success, random stock selection, economic well-being, smarter investing, outperforming the pros, investment managers, A Random Walk Down Wall Street by Burton Malkiel, stock listings, mutual funds, stock performance, financial journalists, retirement savings, financial stress, household income, emergency expenses, high mortgage rates, affordable housing, home sales, previously owned homes, Google Flights, Southwest Airlines, travel expenses, airfare comparison, financial education, money management, financial planning, investment portfolio, stock market analysis, market adjustments, investment risks, and diversification benefits. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com. Like what you hear? Please leave us a review and tell a friend.
Starbucks has a problem: Sales at U.S. stores have fallen sharply and now the company is looking to China, its second biggest market, to boost its revenue. But as WSJ's Spencer Jakab explains, increased competition there is making that a tall order. Further Reading: -Starbucks Is Running Out of Americans to Drink Its Expensive Coffee -The Furious Race for the Future of Coffee Further Listening: -The Underdog Coffee Bean That's Making a Comeback Learn more about your ad choices. Visit megaphone.fm/adchoices
We begin the program by bringing you four news segments with different guests on the stories we think you need to know about!In this hour, we're joined by Dr. Rachel Monárrez, Chris Lisinsk, Jan Goss, and Spencer Jakab. Ask Alexa to play WBZ NewsRadio on #iHeartRadio
P.M. Edition for May 1. The Federal Reserve is holding interest rates steady, acknowledging recent inflation setbacks. Heard on the Street editor Spencer Jakab explains. And BlackRock begins offering 401(k) retirement plans with a monthly check. Markets reporter Jack Pitcher has more. Plus, Arizona's legislature votes to repeal the state's nearly total ban on abortions. Annmarie Fertoli hosts. Listening on Google Podcasts? Here's our guide for switching to a different podcast player. Learn more about your ad choices. Visit megaphone.fm/adchoices
This week, the Federal Open Market Committee (FOMC) is expected to release another interest rate decision. Will the Federal Reserve's statements move the markets and disrupt the bullish momentum in the stock market? Torsten Slok, partner and chief economist at Apollo Global Management, joins us to share what specific phrases from the FOMC may indicate when rate cuts will come and gives us a hot take of his own about what the Fed's decision will be. Then, we're turning our attention to FedEx's earnings report expected on Thursday. The company has marketed new technologies in their business strategies, such as providing integral data from packaged delivery services that may excite investors. WSJ reporter Esther Fung and Heard of the Street editor Spencer Jakab join to explain how companies leaning into ‘tech' branding can affect their stocks and what they're looking to hear on this week's earnings call. Finally, we're turning up the volume on music royalties becoming asset-backed securities. WSJ's Los Angeles bureau chief Sarah Krouse joins to share why musicians like Bruce Springsteen are getting big deals from investors and what it means for markets. How can we better help you take on the week? We'd like to hear from you. Send us an email to takeontheweek@wsj.com.
About 95% of companies in the S&P 500 have reported third-quarter earnings. So this week, we're having a roundtable conversation to discuss what we learned from the latest quarter and what the earnings reports tell us about where the market is and where it's heading. WSJ's Heard on the Street editor Spencer Jakab and reporter Justin Lahart join us to explore those ideas and more. Then, we're turning our attention to Dubai where the 28th annual United Nations Conference of the Parties, or COP 28, is kicking off this Thursday. The conference is all about governments coming together to agree on policies to address climate change. WSJ climate finance reporter Amrith Ramkumar explains why this year's conference is welcoming oil giants like Exxon Mobil and Chevron, and why you could see some big market moves for the next two weeks. We want to know what you've been wondering about the economy, companies, stocks, bonds, or markets in general. Send us a note or a voice-memo recording to takeontheweek@wsj.com or leave a voicemail at (212) 416-3489. Further Reading Breaking Down the Best Earnings Quarter in a Year Big Oil Producer Lines Up African Carbon Deals Ahead of Climate Talks Nations Keep Upping Fossil-Fuel Production Despite Climate Pledge For more coverage of the markets and your investments, head to WSJ.com.
Special Edition for Nov. 11. We've been asking our listeners what they want to know about the war in Gaza. In this special edition of What's News, we'll answer some of those questions, covering the situation on the ground and the wider ramifications of the war with Shayndi Raice, our deputy bureau chief for the Middle East and North Africa; Yaroslav Trofimov, our chief foreign-affairs correspondent; and Spencer Jakab, our global editor of Heard on the Street. Annmarie Fertoli and Luke Vargas host. Learn more about your ad choices. Visit megaphone.fm/adchoices
Value: After Hours is a podcast about value investing, Fintwit, and all things finance and investment by investors Tobias Carlisle, and Jake Taylor. See our latest episodes at https://acquirersmultiple.com/podcast We are live every Tuesday at 1.30pm E / 10.30am P. About Jake: Jake is a partner at Farnam Street. Jake's website: http://farnam-street.com/vah Jake's podcast: https://twitter.com/5_GQs Jake's Twitter: https://twitter.com/farnamjake1 Jake's book: The Rebel Allocator https://amzn.to/2sgip3l ABOUT THE PODCAST Hi, I'm Tobias Carlisle. I launched The Acquirers Podcast to discuss the process of finding undervalued stocks, deep value investing, hedge funds, activism, buyouts, and special situations. We uncover the tactics and strategies for finding good investments, managing risk, dealing with bad luck, and maximizing success. SEE LATEST EPISODES https://acquirersmultiple.com/podcast/ SEE OUR FREE DEEP VALUE STOCK SCREENER https://acquirersmultiple.com/screener/ FOLLOW TOBIAS Website: https://acquirersmultiple.com/ Firm: https://acquirersfunds.com/ Twitter: https://twitter.com/Greenbackd LinkedIn: https://www.linkedin.com/in/tobycarlisle Facebook: https://www.facebook.com/tobiascarlisle Instagram: https://www.instagram.com/tobias_carlisle ABOUT TOBIAS CARLISLE Tobias Carlisle is the founder of The Acquirer's Multiple®, and Acquirers Funds®. He is best known as the author of the #1 new release in Amazon's Business and Finance The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market, the Amazon best-sellers Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations (2014) (https://amzn.to/2VwvAGF), Quantitative Value: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors (2012) (https://amzn.to/2SDDxrN), and Concentrated Investing: Strategies of the World's Greatest Concentrated Value Investors (2016) (https://amzn.to/2SEEjVn). He has extensive experience in investment management, business valuation, public company corporate governance, and corporate law. Prior to founding the forerunner to Acquirers Funds in 2010, Tobias was an analyst at an activist hedge fund, general counsel of a company listed on the Australian Stock Exchange, and a corporate advisory lawyer. As a lawyer specializing in mergers and acquisitions he has advised on transactions across a variety of industries in the United States, the United Kingdom, China, Australia, Singapore, Bermuda, Papua New Guinea, New Zealand, and Guam. He is a graduate of the University of Queensland in Australia with degrees in Law (2001) and Business (Management) (1999).
On our August 10 New Retirement Radio show, a caller asked about a recent article by Ray Dalio in The Wall Street Journal. Dalio has written and spoken extensively about the economy, including his November 2021 book, Principles for Dealing with the Changing World Order, which I think is a research masterpiece and have discussed on previous radio shows. The caller's question piqued my interest in revisiting Dalio, so today we will discuss his take on the current economic situation as discussed by Spencer Jakab in the August 12 issue of The Wall Street Journal. Given Dalio's experience in running the world's largest hedge fund, we think you'll find his comments pertinent and interesting. Then Heidi will weigh in on saving and planning for retirement by Generation Xers (people born between 1965 and 1980). Given their unique challenges, the advice may be helpful to us all in planning through our own set of circumstances. And Deann will share all stats wise and wonderful to add to the conversation! Tune in and take control!
Spencer Jakab, editor of Heard On The Street for The Wall Street Journal, joins Forward Guidance to share what he learned writing his latest book, “The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors.” Jakab and Farley discuss meme-stock mania in all its aspects: the outwitting of hedge funds by individual investors, the transformation of r/WSB from a trading club to a “movement,” the shameless promotion by influencers, and the tallying of who ultimately got rich. Filmed on September 19, 2023. Spencer's book: https://www.penguinrandomhouse.com/books/690543/the-revolution-that-wasnt-by-spencer-jakab/ Spencer's book on Amazon: https://www.amazon.com/Revolution-That-Wasnt-GameStop-Investors/dp/0593421159 Follow Spencer Jakab on Twitter https://twitter.com/Spencerjakab Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ Timecodes: (00:23) Fleecing Of Small Investors (16:40) Problems At The Clearinghouse (31:13) Gamma Squeezes via Out-of-the-Money Short-Dated Call Options (38:19) Who Was Still Short? (51:02) The r/wsb Strategy Become A Movement (56:28) The Influencers: Dave Portnoy, Chamath Palihapitiya, and Jack Farley (01:06:10) The Theories Of Conspiracy (01:13:44) How To Beat Wall Street (Actually) -- Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
P.M. Edition for Aug. 2. Market reaction to the U.S. credit downgrade has been relatively muted. Spencer Jakab, global editor for the WSJ's Heard on the Street column, says fiscal strains will get harder to ignore. Plus, private-equity and hedge funds are bracing for an overhaul by the Securities and Exchange Commission. SEC reporter Paul Kiernan has the details. And, legal affairs correspondent Jan Wolfe explains why the Justice Department is on trial, too, as it prosecutes former President Donald Trump. Annmarie Fertoli hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices
BIO: Spencer Jakab is the global editor of the Wall Street Journal's financial and economic analysis column, Heard on the Street. Prior to becoming a financial journalist 20 years ago, he was a top-rated emerging market stock analyst.STORY: Spencer took investment advice without doing due diligence and ended up losing his entire investment.LEARNING: Don't take investment tips from people; do your due diligence. Diversify your portfolio. Don't invest more than you can lose. “Don't take investment tips from people because those who tell don't know, and those who know, don't tell.”Spencer Jakab Guest profileSpencer Jakab is the global editor of the Wall Street Journal's financial and economic analysis column, Heard on the Street. Prior to becoming a financial journalist 20 years ago, he was a top-rated emerging market stock analyst. He has written two books, the most recent being “The Revolution That Wasn't,” about novice investors caught up in GameStop mania.Worst investment everSpencer moved to Hungary in the early 90s because he was very excited about all the changes due to the fall of the Berlin Wall and the opening up of the Eastern European region. Spencer wanted to make money and also see history being made.After writing to many investment banks looking, he got a couple of interviews with local accountants and banks. Spencer accepted a job as a country analyst in Hungary. He had no idea what he was doing.The job was to meet fund managers who were wealthy, nicely dressed, and suave, talking about all these things they had done and how much money they'd made from various investments. He thought they were so clever and believed that if he followed their lead, he'd be rich too. At the time, Spencer had saved $5,000. He invested half the money in a Southeast Asia fund and the other half in a US bond fund. The market became bearish, and Spencer lost most of his investment.Later, Spencer met a suave, sophisticated fund manager who convinced him to invest in a Canadian company. The company made permanent magnets. The company had a PE ratio of about nine, which is very low. Spencer looked the company up and read the annual report. He still couldn't figure out what a permanent magnet was, but it sounded impressive and very high-tech. The company also had all these PhDs working for them. So Spencer decided to invest in it. He also told his good friend about it, who also invested.Some time went by, and one day as Spencer read the newspaper, he came across a story of how the FBI had raided the offices of the magnet company. The company was run by Russian mobsters and was just a front. Obviously, the stock went to zero after the expose. Spencer and his friend lost all their investment.Lessons learnedDon't take investment tips from people; do your due diligence.Do your own research.Diversify your portfolio.Only invest what you can lose.If you want to be a stock picker, do it with a small amount of your money.Invest in diversified, low-cost funds, hold for the long term, and don't try to time the market. You'll do better than 85% of fund managers over any 10-year period.Andrew's takeawaysOnly buy a stock recommended by a person after researching it.Focus on taking care of yourself, but be very careful about starting to promote something to other people because...
Spencer Jakab joins the Gold Exchange Podcast to explore the meme stonk craze, lessons for investing in volatile markets, and why Wall Street's dominance hasn't been toppled. Is the reverse Jim Cramer fund better than listening to Jim Cramer? Will AI revolutionize finance? Can markets handle veganism? Keith and Spencer give their thoughts on this investing-themed podcast.
If you don't know who the sucker is at the poker table it's you. I was joined in this conversation by Wall Street Journal reporter Spencer Jakab. His latest book is “The Revolution That Wasn't: GameStop, Reddit and the Fleecing of Small Investors.” The frenzy in meme stocks in 2021 was perceived as a Robin Hood style raid on Wall Street. Reddit forums filled with young men holding "diamond hands" taking down the financial industry. The truth was far more nuanced. We also took a detour to look at insider trading by members of Congress.Spencer Jakab writes for and edits the Heard on the Street Column at The Wall Street Journal. He was Deputy Editor between 2015 and 2019 and wrote the Journal's daily investing column, Ahead of the Tape, for four years before that. Spencer spent four years at Britain's Financial Times writing the “Lex” and “On Wall Street” columns and got his start in financial journalism at Dow Jones Newswires where he was part of a SABEW-winning team covering energy markets. Spencer is the author of two books on the plight of individual investors, both published by the Portfolio imprint of Penguin Random House. “Heads I Win, Tails I Win: Why Smart Investors Fail and How To Tilt the Odds in Your Favor” (2016) and “The Revolution That Wasn't: GameStop, Reddit and the Fleecing of Small Investors.” His first career was in finance where he spent years as a top-rated emerging market stock analyst. He lives in New Jersey with his wife and three sons.Find out more at the blog post: https://www.stocksforbeginners.net/blog/jakabHere's a link to the book: The Revolution That Wasn't: Gamestop, Reddit, and the Fleecing of Small Investors by Spencer Jakab (goodreads.com)Portfolio tracker Sharesight tracks your trades, shows your true performance, and saves you time and money at tax time. Get 4 months free at https://www.sharesight.com/stocksforbeginnersDisclosure: The links provided are affiliate links. I will be paid a commission if you use this link to make a purchase. You will also usually receive a discount by using these links/coupon codes. I only recommend products and services that I use and trust myself or where I have interviewed and/or met the founders and have assured myself that they're offering something of value. Stocks for Beginners is for information and educational purposes only. It isn't financial advice, and you shouldn't buy or sell any investments based on what you've heard here. Any opinion or commentary is the view of the speaker only not Stocks for Beginners. This podcast doesn't replace professional advice regarding your personal financial needs, circumstances or current situation. Hosted on Acast. See acast.com/privacy for more information.
How has technology impacted modern finance and created an asymmetrical relationship between Wall Street and individual investors? In this episode, we speak with Spencer Jakab, the author of The Revolution That Wasn't and editor of the Wall Street Journal's Heard on the Street column. Spencer dives into the differences between Wall Street and a casino, outlines the risks of being an active investor on Wall Street, and looks at how technology has created an environment where trading stocks is no longer expensive. He emphasizes the importance of long-term investing with tools such as index funds or compound interest to build wealth without playing 'the game'. Let's dive in![00:01 - 07:00] Opening Segment• From Wall Street Trader to Financial Journalist: Spencer Jacob's Journey • How he learned about finance and got a job in emerging markets• Introducing The Revolution That Wasn't[07:01 - 13:40] Examining the GameStop Revolution• How the pandemic provided Spencer an excellent opportunity to start a side project• The genesis of the book • The GameStop stock surge• The initial headlines about the GameStop surge[13:41 - 20:37] Exploring the 'Meme Stock' Phenomenon• The story about meme stocks • Meme stocks went way beyond their fundamental value• Examining the meme stock squeeze• Short selling is a legitimate practice where people bet against stocks without owning them[20:38 - 27:44] Wall Street: Not a Casino, But a Place to Build Wealth • Young Reddit traders made money, but they were net contributors to already rich people• Wall Street is mainly made up of intermediaries who are not taking risks with their own money• Wall Street is not a casino, but it can be marketed as one • The correlation between the level of activity and returns[27:45 - 35:01] The Revolution That Wasn't• Trading used to be expensive, but technological change has democratized finance• The "zero price effect." • People consume more of something when it is free• The pandemic caused record volatility in the stock market, leading to an increase in trading activity[35:02 - 42:16] The Missed Opportunity• From the bear market low to one year after, 96% of American stocks rose• Stocks that were popular in Robinhood did better than more established stocks• The credibility of older, wiser investors vs. the success of younger, social media-savvy investors • The gamification of investing[42:17 - 52:20] Closing Segment• How to beat Wall Street and participate without playing the game• Technology has lowered the cost of investing, allowing for more market participants• Wall Street can be a place to build wealth over the decades with the right approach.Want to connect with Spencer? Head to his website to learn more about his work!Key Quotes:"What's money for, if not to give you the freedom to do something you really wanna do." - Spencer Jakab"If it's free, it means you are the product." - Brian Adams“The most successful individual investors tend to be those who sit back and let things develop.” - Spencer JakabDownload our FREE Strategizing for Inflation Guide here:
#420: Harvard professor Arthur Brooks described two types of intelligence – and explained, in scientific terms, the wisdom that comes with age. Dr. Ellen Vora, M.D., shared insight into the roots of procrastination, offering evidence-based tips for how to overcome our own inner demons of anxiety, fear and laziness. Psychology professor Bill von Hippel described why too much happiness is just as detrimental to our long-term health and wellbeing as too little happiness. Wall St. Journal columnist Spencer Jakab observed the perfect storm of conditions that gave rise to meme stonks and other oddities of our era. Former financial planner Joe Saul-Sehy argued for “strategic under-diversification” and explained the Sharpe Ratio. Data scientist Nick Maggiulli explains the save-invest continuum. And financial planner Bill Bengen, the creator of the 4 percent retirement withdrawal rule, talks about what most people misunderstand about the safe withdrawal rate. These are just some of the highlights from the Afford Anything podcast in this 2022 year-in-review episode. Enjoy! For more information, visit the show notes at https://affordanything.com/episode420 Learn more about your ad choices. Visit podcastchoices.com/adchoices
A.M. Edition for Nov. 22. A looming U.S. tax on share repurchases was supposed to inspire a 2022 buyback bonanza that some predicted to cross the $1 trillion threshold. WSJ Heard on the Street editor Spencer Jakab explains why that hasn't transpired.Luke Vargas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices
The Everything Bear Market started within weeks of the GameStop spike.Check The Lead-Lag Report on your favorite social networks.Twitter: https://twitter.com/leadlagreportYouTube: https://www.youtube.com/c/theleadlagreportFacebook: https://www.facebook.com/leadlagreportInstagram: https://instagram.com/leadlagreport Sign up for The Lead-Lag Report at www.leadlagreport.com and use promo code PODCAST30 for 2 weeks free and 30% off. Nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.See disclosures for The Lead-Lag Report here: The Lead-Lag Report (leadlagreport.com)
“I'll never forget the day I found out my sons were degenerates.”Spencer Jakab of The Wall Street Journal joins Cole and Bill to discuss his book, The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors. Jakab's work explores the GameStop saga and how the modern-day squeeze unraveled. The trio discusses the characters involved in the mania, the role smart phones played, how the financial industry underestimated the power of algorithmic social media, as well as the real winners and losers of it all.
We recently created and conducted a very interesting survey based on financial goals, and today, we get to share some of the data we collected and the answers that were given to the questions. Although there are some definite limitations to our expertise as surveyors and data collectors, the findings are most definitely illuminating, surprising, and useful. Listeners will get to hear a bit about the process of building the survey as well as some of the raw numbers and data before we get into the list of goals that were submitted, collated, and ranked. We also share some of the ways that these were split across demographics such as age and gender. Apart from this focus on the survey, we share some thoughts on Eat the Rich, Coin, and The Next Millionaire Next Door, and finish off the show with some very impactful letters from listeners that we have received recently. Key Points From This Episode: Thoughts on the new Netflix show, Eat the Rich, and the story of GameStop. (0:01:58) What to expect on the podcast in November during Canadian Financial Literacy Month. (0:05:17) Reflections on the new film, Coin, and the founding of Coinbase. (0:08:08) Introducing the results from our recent survey on goals. (0:11:23) The process of building the survey and the questions we included. (0:18:22) A look over the basic data of the survey. (0:22:27) Popular objectives from the survey and how these were split across different demographics. (0:23:17) The answers that were given in relation to each specific question. (0:28:02) Developing best practices for goal setting for an advisor environment. (0:30:17) Limitations to our expertise in designing this survey and analyzing the data. (0:32:43) Running through the complete list of goals in order. (0:34:29) Introducing this week's book discussion on The Next Millionaire Next Door. (0:39:46) Standout findings from the research that was conducted for the book. (0:44:00) Utilization of an 'expected net worth test' in the book. (0:49:50) A look at some of the listener messages we have received lately. (0:52:29) Links From Today's Episode: Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/ Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/?hl=en Rational Reminder on YouTube — https://www.youtube.com/channel/ The Next Millionaire Next Door — https://www.amazon.com/Next-Millionaire-Door-Enduring-Strategies/dp/1493035355 Eat the Rich — https://www.imdb.com/title/tt14036920/ Katy Milkman — https://www.katymilkman.com/ Spencer Jakab — https://www.wsj.com/news/author/spencer-jakab The Revolution That Wasn't — https://www.penguinrandomhouse.com/books/690543/the-revolution-that-wasnt-by-spencer-jakab/ Robinhood — https://robinhood.com/us/en/ Episode 217 — https://rationalreminder.ca/podcast/217 Coin — https://www.imdb.com/title/tt21622988/ 'Generating Objectives' — https://repository.library.georgetown.edu/handle/10822/707941 Ayelet Fishbach — https://www.ayeletfishbach.com/ Chris Hadfield — https://chrishadfield.ca/ The Millionaire Next Door — https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474 Stolen Focus — https://www.amazon.com/Stolen-Focus-Attention-Think-Deeply/dp/0593138511 David Senra — https://whatgotyouthere.com/portfolio/304-david-senra/ Tom McHugh YouTube Video — Benjamin Felix — https://www.pwlcapital.com/author/benjamin-felix/ Benjamin on Twitter — https://twitter.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Cameron Passmore — https://www.pwlcapital.com/profile/cameron-passmore/ Cameron on Twitter — https://twitter.com/CameronPassmore Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/
Spencer Jakab is the editor of The Wall Street Journal's Heard on the Street column and the author of a fascinating new book called The Revolution That Wasn't: Gamestop, Reddit, and the Fleecing of the Retail Investor. In January of 2021, a large group of small investors from the WallStreetBets subreddit rallied around the stock of video game retailer GameStop, which they believe had been unfairly attacked by short-selling hedge fund Melvin Capital. The subsequent and totally unexpected rally in the stock made millions for several WallStreetBets members and crippled Melvin Capital which was lost up to a billion dollars *per day* during the worst of the short squeeze. On this week's episode, Spencer and I talk about the perfect storm of market, societal, and technological factors that catalyzed the Gamestop phenomenon, why the Robinhood stock trading app (which played a major role in this whole scenario) was designed to function exactly like a sports gambling app. We talk about how WallStreetBets and Robin Hood “investors” are different from boring old etrade or Schwab customers like me, the difference between investing and gambling and lastly, what Melvin Capital's profound losses mean for hedge fund managers in the future. That is, in addition to market, political, and climate-based factors, these hedge fund managers also have to take into consideration the potential madness of crowds.
If you don't know who the sucker is at the poker table it's you. I was joined in this conversation by Wall Street Journal reporter Spencer Jakab. His latest book is “The Revolution That Wasn't: GameStop, Reddit and the Fleecing of Small Investors.” The frenzy in meme stocks in 2021 was perceived as a Robin Hood style raid on Wall Street. Reddit forums filled with young men holding "diamond hands" taking down the financial industry. The truth was far more nuanced. We also took a detour to look at insider trading by members of Congress.Spencer Jakab writes for and edits the Heard on the Street Column at The Wall Street Journal. He was Deputy Editor between 2015 and 2019 and wrote the Journal's daily investing column, Ahead of the Tape, for four years before that. Spencer spent four years at Britain's Financial Times writing the “Lex” and “On Wall Street” columns and got his start in financial journalism at Dow Jones Newswires where he was part of a SABEW-winning team covering energy markets.Spencer is the author of two books on the plight of individual investors, both published by the Portfolio imprint of Penguin Random House.“Heads I Win, Tails I Win: Why Smart Investors Fail and How To Tilt the Odds in Your Favor” (2016) and “The Revolution That Wasn't: GameStop, Reddit and the Fleecing of Small Investors.” His first career was in finance where he spent years as a top-rated emerging market stock analyst. He lives in New Jersey with his wife and three sons.Here's a link to the blog post and transcript: https://www.sharesforbeginners.com/blog/jakabHere's a link to the book: The Revolution That Wasn't: Gamestop, Reddit, and the Fleecing of Small Investors by Spencer Jakab (goodreads.com)Portfolio tracker Sharesight tracks your trades, shows your true performance, and saves you time and money at tax time. Get 4 months free at https://www.sharesight.com/sharesforbeginnersDisclosure: The links provided are affiliate links. I will be paid a commission if you use this link to make a purchase. You will also usually receive a discount by using these links/coupon codes. I only recommend products and services that I use and trust myself or where I have interviewed and/or met the founders and have assured myself that they're offering something of value. Shares for Beginners is for information and educational purposes only. It isn't financial advice, and you shouldn't buy or sell any investments based on what you've heard here. Any opinion or commentary is the view of the speaker only not Shares for Beginners. This podcast doesn't replace professional advice regarding your personal financial needs, circumstances or current situation Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.
If you don't know who the sucker is at the poker table it's you. I was joined in this conversation by Wall Street Journal reporter Spencer Jakab. His latest book is “The Revolution That Wasn't: GameStop, Reddit and the Fleecing of Small Investors.” The frenzy in meme stocks in 2021 was perceived as a Robin Hood style raid on Wall Street. Reddit forums filled with young men holding "diamond hands" taking down the financial industry. The truth was far more nuanced. We also took a detour to look at insider trading by members of Congress.Spencer Jakab writes for and edits the Heard on the Street Column at The Wall Street Journal. He was Deputy Editor between 2015 and 2019 and wrote the Journal's daily investing column, Ahead of the Tape, for four years before that. Spencer spent four years at Britain's Financial Times writing the “Lex” and “On Wall Street” columns and got his start in financial journalism at Dow Jones Newswires where he was part of a SABEW-winning team covering energy markets. Spencer is the author of two books on the plight of individual investors, both published by the Portfolio imprint of Penguin Random House. “Heads I Win, Tails I Win: Why Smart Investors Fail and How To Tilt the Odds in Your Favor” (2016) and “The Revolution That Wasn't: GameStop, Reddit and the Fleecing of Small Investors.” His first career was in finance where he spent years as a top-rated emerging market stock analyst. He lives in New Jersey with his wife and three sons.Find out more at the blog post: https://www.stocksforbeginners.net/blog/jakabHere's a link to the book: The Revolution That Wasn't: Gamestop, Reddit, and the Fleecing of Small Investors by Spencer Jakab (goodreads.com)Portfolio tracker Sharesight tracks your trades, shows your true performance, and saves you time and money at tax time. Get 4 months free at https://www.sharesight.com/stocksforbeginnersDisclosure: The links provided are affiliate links. I will be paid a commission if you use this link to make a purchase. You will also usually receive a discount by using these links/coupon codes. I only recommend products and services that I use and trust myself or where I have interviewed and/or met the founders and have assured myself that they're offering something of value. Stocks for Beginners is for information and educational purposes only. It isn't financial advice, and you shouldn't buy or sell any investments based on what you've heard here. Any opinion or commentary is the view of the speaker only not Stocks for Beginners. This podcast doesn't replace professional advice regarding your personal financial needs, circumstances or current situation. See acast.com/privacy for privacy and opt-out information.
Episode Notes In early 2021, stock traders on Reddit decided to rally together to take down Wall Street. Some made millions while also costing the 1% billions of dollars. There was a lot of news coming out around this time, but who actually won and who lost? In this episode, we talk with Wall Street Journalist Spencer Jakab who wrote a phenomenal book about what actually happened before, during and after the meme stock craze. Follow Spencer on Twitter @Spencerjakab Get a copy of The Revolution that Wasn't Become a paid Substack subscriber at TheRewiredSoul.Substack.com and get early access to episodes! Get your free books by Chris here: https://bit.ly/3vkRsb6 Follow @TheRewiredSoul on Twitter and Instagram Subscribe to The Rewired Soul Substack Support The Rewired Soul: Get books by Chris Try BetterHelp Online Therapy (affiliate)
Bloomberg Radio host Barry Ritholtz speaks with the Wall Street Journal's Spencer Jakab, author of “The Revolution That Wasn't: GameStop, Reddit and the Fleecing of Small Investors.” Jakab, who edits the Journal's Heard on the Street column, also wrote “Heads I Win, Tails I Win: Why Smart Investors Fail and How to Tilt the Odds in Your Favor.” See omnystudio.com/listener for privacy information.
My special guest today is Spencer Jakab from the Wall Street Journal – I say special because I'm doing something I rarely do – talking about stuff that's fascinating to me. Normally I'm fascinated by the people, but don't understand half the stuff we talk about because I'm learning; whether it's crypto or trading. This episode is near and dear to my heart because we've got a true journalist on the show, not because he went to journalism school, but because after spending a decade at Credit Suisse, Spencer went out and learned journalism on the job. He's the editor of the Wall Street Journal's Heard on the Street column, and he recently published The Revolution That Wasn't. And Spencer is one of the good guys. We've hung out quite a bit – he's always been supportive of community and he understands what it's like to build brand and how hard it is to survive in the financial world. It's safe to say he'll be a recurring guest here on Panic. Enjoy the episode. Guest - Spencer Jakab, Journalist and Author of the book “The Revolution That Wasn't” howardlindzon.com, spencerjakab.com/buy-my-book Twitter: @howardlindzon, @PanicwFriends, @Spencerjakab, @knutjensen spencer.jakab@wjs.com linkedin.com/in/spencer-jakab-43b635b #fintech #invest #investment #venturecapital #stockmarket #finance Show Notes: Introduction. (00:40) Welcome Spencer. (04:22) Working for Rupert Murdoch. (04:43) Moving from Research Analyst to Journalist. (06:40) Using the Print Edition to spot developing stories and trends. (08:06) The revolution that wasn't. (11:17) Robinhood, Wall Street Bets, and Gambling Culture. (11:52) Cornering the Market. (14:50) Retail versus 'The Suits'. (16:23) It went down in real time on Twitter. (20:45) From immigrant to Columbia. (23:15) Bull Market geniuses. (25:27) The fintech disruption that wasn't. (26:36) Addressing the retirement crisis. (27:44) Painful lessons for young people. (28:20) Bit by the gambling bug. (29:21) Fear and Greed. (33:42) Getting on the financial ladder has never been easier. (37:06) Dealing with the old guard. (38:04) The need to educate investors. (39:02) It's all Jesse Livermore 2.0. (41:23) SEC should do their job. (43:31) Being careful about leverage. (45:01) Wrapping it up. (47:21) Closing thoughts. (48:34)
You're listening to Lingo Phoenix's word of the day for April 5. Today's word is puzzle, spelled p-u-z-z-l-e. puzzle /ˈpʌzəl / ●●○ verb [transitive] to cause someone to feel confused and slightly worried because they cannot understand something a question that continues to puzzle scientists What puzzles me is why his books are so popular. What puzzles me is why she doesn't just leave him. puzzle over something phrasal verb to think for a long time about something because you cannot understand or solve it The class puzzled over a poem by Shakespeare. In years without a pandemic, Americans are firmly divided into two camps: those who can't resist a bargain and show up in-person, and those who puzzle over why anyone would risk being trampled over a discounted TV. — Spencer Jakab, WSJ, "Black Friday Is Big in Taiwan, but Why?," 27 Nov. 2020 What remains is the challenge that entertainers, businesses, and activists alike always puzzle over: how to change a culture. — Spencer Kornhaber, The Atlantic, "Why a Disgraced Musician Is Dominating the Charts," 25 Feb. 2021 Puzzle out With your word of the day, I'm Mohammad Golpayegani. Join our Telegram channel @lingophoenix to make sure you never miss an episode of Lingo Phoenix's Word of the Day.
Join CEO Jennifer Grossman and award-winning financial journalist Spencer Jakab for the 106th episode of The Atlas Society Asks as they discuss his book "The Revolution that wasn't: GameStop, Reddit, and the Fleecing of Small Investors" which explains the riveting story behind the January 2021 GameStop/Meme stock event that rocked some of the biggest, richest players in the investment world.
In a modern-day battle of David and Goliath on Wall Street, thousands of amateur retail investors banded together to bid up stocks in a handful of failing companies, most notably the nostalgic video game hub known as GameStop. Within days, the renegade traders sent stocks soaring and dealt heavy blows to hedge funds and other traditional professional investors who had bet against the companies. The "meme stock" phenomenon was born. But where does "revolution" stand a year later? Did the amateurs—trading mostly on the Robinhood platform—change the world of finance? Should more "ordinary" investors get into the game? Or will that benefit Wall Street at the little guy's expense? In this "Agree to Disagree," the Wall Street Journal's Spencer Jakab and Tastytrade co-founder Tom Sosnoff take on the meme stock debate head-to-head. Learn more about your ad choices. Visit megaphone.fm/adchoices
Have you heard the term FOMO? It refers to the fear of missing out on something such as hanging out with your friends, going to a winning sports event, seeing your favorite singer in concert and even exciting, new investment opportunities. For this week's Individual Investor Show, Charles Rotblut, CFA, sits down with Spencer Jakab, author of “The Revolution That Wasn't: GameStop, Reddit and the Fleecing of Small Investors,” to discuss the phenomenon of “meme stocks,” how social media platforms like Reddit have fueled a new world of stock investing and the pitfalls that come along with these new developments. In the second part of tonight's episode, Jenna Brashear chats with Charles Rotblut on his latest article in the AAII Journal, “What Traits Do Individual Investors Consider When Buying Stocks?” where he surveys AAII members to gain insight into the various stock approaches and thought processes they use such as how they find ideas, the characteristics they focus on and their preferred data sources. Watch this episode and learn: The ins and outs of meme stocks and what role they play in the investment universeHow certain social media and investing platforms use psychology to influence stock strategies How your investing peers choose which stock approach to pursue Meme Stocks Segment Reddit, Robinhood and Lessons From the Meme Stock Craze “The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors,” by Spencer JakabStock-Picking Segment What Traits Do Individual Investors Consider When Buying Stocks? AAII Model PortfolioAAII Stock Screens A+ Stock Grades Want more financial education? Learn more about AAII at https://www.aaii.com ABOUT AAII The American Association of Individual Investors is an independent, nonprofit corporation formed for the purpose of assisting individuals in becoming effective managers of their own assets through programs of education, information and research. Individual Investor Show: The Emotional Psychology and Behavior Behind Investing | AAII
Hub Dialogues (part of The Hub, Canada's daily information source for public policy – https://www.thehub.ca) are in-depth conversations about big ideas from the worlds of business, economics, geopolitics, public policy, and technology.The Hub Dialogues feature The Hub's editor-at-large, Sean Speer, in conversation with leading entrepreneurs, policymakers, scholars, and thinkers on the issues and challenges that will shape Canada's future at home and abroad.This episode of Hub Dialogues features host Sean Speer in conversation with Wall Street Journal editor and journalist Spencer Jakab on his fascinating, new book, The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors.If you like what you are hearing on Hub Dialogues consider subscribing to The Hub's daily email newsletter featuring our insights and analysis on public policy issues. Subscription is free. Simply sign up here: https://newsletter.thehub.ca/.The Hub is Canada's leading information source for public policy. Stridently non-partisan, The Hub is committed to delivering to Canadians the latest analysis and cutting-edge perspectives into the debates that are shaping our collective future.Visit The Hub now at https://www.thehub.ca. Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.
During one crazy week in January 2021, a motley crew of retail traders on Reddit's r/wallstreetbets forum had seemingly done the impossible—they had brought some of the biggest, richest players on Wall Street to their knees. Their weapon was GameStop, a failing retailer whose shares briefly became the most-traded security on the planet and the subject of intense media coverage."The Revolution That Wasn't" is the riveting story of how the meme stock squeeze unfolded, and of the real architects (and winners) of the GameStop rally.
Many touted the GameStop short squeeze as a financial revolution … But Spencer Jakab says the true story is more complex than that. Jakab explores the unique twists and turns of this wild catastrophe in his book, The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors. And he joins host Charles Mizrahi to discuss what everyone got wrong about Wall Street. Topics Discussed: An Introduction to Spencer Jakab (00:00:00) Perfect Storm (00:04:57) Short Seller Villains (00:14:17) Targeting GameStop (00:24:50) The Nasdaq Whale (00:28:31) Robinhood's Gamification of Investing (00:33:37) Frenzy Sets In (00:40:52) Overload (00:48:43) Fallout (00:57:28) Lessons Learned (01:00:49) Guest Bio: Spencer Jakab is an award-winning financial journalist and editor of The Wall Street Journal's Heard on the Street column. After leaving a career in finance, Jakab wrote the Lex column for Britain's Financial Times. And later, he wrote the Ahead of the Tape column on economic and business events. In addition, he is the author of two books on finance. Resources Mentioned: · https://www.amazon.com/Revolution-That-Wasnt-GameStop-Investors/dp/0593421159 (The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors) · https://www.wsj.com/news/heard-on-the-street (Heard on the Street) Transcript: https://charlesmizrahi.com/podcast/2022/03/15/targeting-gamestop-spencer-jakab/ (https://charlesmizrahi.com/podcast/) Don't Forget To... • Subscribe to my podcast! • Download this episode to save for later • Liked this episode? Leave a kind review! Subscribe to Charles' Alpha Investor newsletter today: https://pro.banyanhill.com/m/1962483 (https://pro.banyanhill.com/m/1962483)
Last week's episode of our Apple TV+ show took on the stock market, GameStop, and the Robinhood app. Spencer Jakab, an editor with The Wall Street Journal, took to Twitter to vent his disagreements with it. So we invited him on the podcast (we're gluttons for punishment) to talk it out. Jon is also joined by writers Kris Acimovic and Kasaun Wilson to talk about rising gas prices and why comedy clubs are the only landmarks comedians know.What did you think of our episode? Call in your questions or comments to our hotline: 1-212-634-7222.To watch our climate episode, visit https://apple.co/TheProblem-ClimateChangeCREDITSHosted by: Jon StewartFeaturing, in order of appearance: Kris Acimovic, Kasaun Wilson, Spencer JakabExecutive Produced by Jon Stewart, Brinda Adhikari, James Dixon, Chris McShane, and Richard Plepler.Lead Producer: Sophie EricksonProducers: Caity Gray, Robby SlowikAssoc. Producer: Andrea BetanzosSound Designer & Audio Engineer: Miguel CarrascalSenior Digital Producer: Kwame OpamDigital Coordinator: Norma HernandezSupervising Producer: Lorrie BaranekHead Writer: Kris AcimovicElements: Kenneth Hull, Daniella PhilipsonTalent: Brittany Mehmedovic, Haley DenzakResearch: Susan Helvenston, Andy Crystal, Anne Bennett, Deniz Çam, Harjyot Ron SinghTheme Music by: Gary Clark Jr.The Problem With Jon Stewart podcast is an Apple TV+ podcast, produced by Busboy Productions.https://apple.co/-JonStewart
Robin's guest on this episode is Spencer Jakab, an investment columnist on the Wall Street Journal, who has just written a book on the GameStop phenomenon, called The Revolution That Wasn't. The Texas-based video game and consumer electronics and retailer hit the financial headlines in January last year. The reason was a short squeeze that resulted in a 1,500% increase in the GameStop share price over the course of two weeks. “GameStop Mania” was mainly attributed to a coordinated effort by the Reddit community r/wallstreetbets. At the time, the episode was seen as an example of the growing power and influence of ordinary investors. The truth, says Spencer Jakab, was very different. So what are the lessons from GameStop? What can investors, regulators and the investment industry learn from it?
In conversation with Spencer Jakab, the award-winning investing columnist and author of “The Revolution That Wasn't.”
The Interview Discusses:His fascinating new book, The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors.Robinhood's unique business model and whether Robinhood has “democratized” finance as it claims.How Robinhood came very close to the brink of insolvency.The role of “influencers” like Chamath Palihapitiya, Elon Musk, and David Portnoy in driving the speculative excess of 2021.His surprising take on Keith Gill, aka “Roaring Kitty.”Biography:Spencer Jakab is an award-winning financial journalist and a former top-rated stock analyst at Credit Suisse. He edits the Wall Street Journal's “Heard on the Street” column and previously wrote the daily investing column “Ahead of the Tape.” Prior to joining the Journal he wrote for the “Lex” and “On Wall Street” columns at Britain's Financial Times.
Spencer Jakab, the Editor of the Heard on the Street column in The Wall Street Journal, has written a splendidly entertaining account of the meme stock craze: “The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors.”During one crazy week in January 2021, a motley crew of retail traders on Reddit's r/wallstreetbets forum had seemingly done the impossible—they had brought some of the biggest, richest players on Wall Street to their knees. Their weapon was GameStop, a failing retailer whose shares briefly became the most-traded security on the planet and the subject of intense media coverage.Check out Spencer's book here: https://www.amazon.com/Revolution-That-Wasnt-GameStop-Investors/dp/0593421159/ref=tmm_hrd_swatch_0?_encoding=UTF8&qid=&sr=—————————————————————— Watch this video on YouTube: https://www.youtube.com/c/SALTTube/videosFor podcast transcripts and show notes, visit https://www.salt.org/talks/aboutModerated by Anthony Scaramucci. Developed, created and produced by SALT Venture Group, LLC.#SALTTalks
SUMMARY: Discover what the GameStop/Reddit/Robinhood Revolution exposed about investing. Spencer Jakab joins Andy with analysis of this historic chapter in investing that sent shockwaves through the markets and provided many unintended consequences. SHOW NOTES: 5:17: How Do Online Trading Platforms Influence Trading? 10:46: Have Markets Ever Experienced A GameStop/Robinhood-type Event? 15:28: How Was GameStop Uniquely Positioned To Be Massively Shorted? 17:55: How Did The CEO Of GameStop Win? 22:09: How Are Investors Living In A Magical Time? 26:39: How Can Inexperienced Traders Hedge Against Risk?
The GameStop short squeeze in early 2021 was the talk of the investing world. It had all the parts of a great story. It had some investors making massive profits, while others suffered huge losses. It had anonymous investors on social media as its heroes and hedge fund managers as it villains. It also had a significant social side to it, with many seeing it as an example of individual investors getting the best of Wall Street professionals. But there is much more to the story than the popular narrative. In this episode, we go behind the scenes and get the real story from the Wall Street Journal's Spencer Jakab, author of the new book "The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors". We talk about what really happened and what all of us can learn from it. We hope you enjoy the discussion. ABOUT THE PODCAST Excess Returns is an investing podcast hosted by Jack Forehand (@practicalquant) and Justin Carbonneau (@jjcarbonneau), partners at Validea. Justin and Jack discuss a wide range of investing topics including factor investing, value investing, momentum investing, multi-factor investing, trend following, market valuation and more with the goal of helping those who watch and listen become better long term investors. SEE LATEST EPISODES https://www.validea.com/excess-returns-podcast FIND OUT MORE ABOUT VALIDEA https://www.validea.com FOLLOW OUR BLOG https://blog.validea.com FIND OUT MORE ABOUT VALIDEA CAPITAL https://www.valideacapital.com FOLLOW JACK Twitter: https://twitter.com/practicalquant LinkedIn: https://www.linkedin.com/in/jack-forehand-8015094 FOLLOW JUSTIN Twitter: https://twitter.com/jjcarbonneau LinkedIn: https://www.linkedin.com/in/jcarbonneau
Spencer Jakab, author of The Revolution That Wasn't, all about the GameStop/Memestock saga in January 2021, was my guest on today's show. Don't worry, Spencer hasn't dented my belief in GME. However, this book is well worth a read for anyone interested in the GameStop story! I learnt a lot and felt that, whilst the conclusions were not the ones I was drawing from this story he is clearly knowledgeable about the inner workings of the market and his perspective was really interesting to me - it's clear that as someone deeply involved in finance that Spencer has more belief in the system that most of my guests - but that does not make his opinions irrelevant, if anything it's crucial to help understand the sheer corruption that the GME story is alleging takes place on Wall Street. If you don't speak to people who believe in a system, you'll never be able to critique it properly. In this interview we talk through the ideas that drive the YOLO, Keith Gill's investing strategy, why short selling is part of a fair market, whether he covered naked short selling enough in the book, and how Wall Street (including Citadel) made massive profits from the retail investor revolution. The Revolution That Wasn't is the riveting story of how the meme stock squeeze unfolded, and the real architects (and winners) of the GameStop rally. Drawing on his years as a stock analyst at a major bank, Jakab exposes technological and financial innovations like Robinhood as ploys to part investors from their money, within the larger story of evolving social and economic pressures. The surprising truth? What appeared to be a watershed moment - a revolution that stripped the ultra-powerful hedge funds of their market influence, placing power back in the hands of everyday investors only increased the chances of the house winning. The Revolution That Wasn't - https://uk.bookshop.org/a/6492/9780593421154 https://www.wsj.com/news/author/spencer-jakab https://twitter.com/Spencerjakab https://spencerjakab.com/ HELP ME CROWDFUND MY GAMESTOP BOOK. Go to https://wen-moon.com to join the crowdfunding campaign and pre-order To The Moon: The GameStop Saga! If you haven't already and you enjoyed this episode, please subscribe to this podcast and our mailing list, and don't forget, my book, Brexit: The Establishment Civil War, is now out, you'll find the links in the description below. You can listen to the show on Spotify - https://open.spotify.com/show/5AYWZh12d92D4PDASG4McB?si=5835f2cf172d47cd&nd=1 Apple Podcasts - https://podcasts.apple.com/us/podcast/chatter/id1273192590 Google Podcasts - https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5wb2RpYW50LmNvL2NoYXR0ZXIvcnNzLnhtbA And all major podcast platforms. Watch Us On Odysee.com - https://odysee.com/$/invite/@TheJist:4 Sign up and watch videos to earn crypto-currency! Buy Brexit: The Establishment Civil War - https://amzn.to/39XXVjq Mailing List - https://www.getrevue.co/profile/thejist Twitter - https://twitter.com/Give_Me_TheJist Website - https://thejist.co.uk/ Music from Just Jim – https://soundcloud.com/justjim
Wall Street Journal columnist Spencer Jakab investigates the GameStop short squeeze organized by amateur investors on Reddit in his new book, The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors. He joins us to talk about how the meme stock squeeze unfolded.
GameStop stock became an unlikely breakout star last year as the popularity of meme stocks soared. Spencer Jakab of The Wall Street Journal is the author of a new book about the phenomenon called "The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors."
Tune in to hear:- What in particular about the environment, including the pandemic and lockdown, contributed to the sort of fervor and madness we saw around meme stocks like Gamestop?- Risk, excitement and novelty were somewhat systematically stripped from our lives during the initial quarantine - what role, if any, did this play in the meme stock phenomenon?- How did the trading apps themselves, and the gamification of trading, catalyze some of these behaviors?- Who is Keith Gill and how did he become so central to this movement?- How central to the phenomenon of Wall Street Bets was the moral dimension of “sticking it to the man?”- Many of these meme stocks are still soaring greatly above where they were 2-3 years ago, and yet Spencer thinks that this “revolution” is bound to fail. Why does he think this is the case?- Will the phenomenon of "Finfluencers" continue or will further regulation and other obstacles put an end to this?- Did many financial professionals use the Wall Street Bets phenomenon as a sort of Trojan Horse to benefit themselves?Twitter @spencerjakabhttps://spencerjakab.com/Compliance Code: 0158-OAS-1/25/2022
Chris Sullivan's Chokepoint -- road usage charge no longer theoretical, now legislation // Hanna Scott on legislation to change how parole works in WA // Dose of Kindness -- accepting life's messiness // Gee Scott on having the same conversations about race for decades // Hanna Scott on legislation to implement unemployment benefits for undocumented immigrants // Spencer Jakab, author of The Revolution That Wasn't See omnystudio.com/listener for privacy information.
On todays podcast I am happy to be hosting Spencer Jakab, Editor of the "Heard on the Street" column at The Wall Street Journal and Author of the recently released book "The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors". On the podcast we talk about what Wall Street Bets is, the events leading up to the GameStop short squeeze, why Robinhood halted trading and why it wasn't a revolution. 0:00 - Introduction0:22 - Influence for writing the book?3:30 - How did WallStreetBets start and what attracted so many like minded people to the group?7:30 - Wall Street makes money from volatility10:40 - How traders started gambling18:25 - Who was Keith Gill and what attracted people to his investment ideas?22:55 - Other short squeezes30:15 - Taking advantage of Wall Street Bets31:55 - Why Robinhood halted trading?38:40 - Why it wasn't a Revolution44:00 - Do you believe Hedge Funds have learnt from this situation?Spencer is the editor of “Heard on the Street,” the Wall Street Journal's financial and economic analysis column. Before joining Heard as Deputy Editor in 2015 he wrote the “Ahead of the Tape” column which ran each weekday and previewed the day's most important economic or business event. Before that Spencer wrote “Lex” for Britain's Financial Times.Spencer's first career was in finance. He lived in Europe for a decade, mostly working as an emerging markets stock analyst and later the head of a research team at a big bank. He learned a lot, travelled to some very cool places, but got bored with corporate life and decided to write about money instead of making so darn much of it.Spencer earned a master's degree in international affairs from Columbia University, a certificate from Columbia's Harriman Institute, and a B.A. in political science from Brandeis University.Spencer Jakab - Website - https://spencerjakab.com/Twitter - https://twitter.com/SpencerjakabLinkedIn - https://www.linkedin.com/in/spencer-jakab-43b635b/WTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfnTikTok - https://vm.tiktok.com/ZMeUjj9xV/iTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4LinkedIn - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseas
January 2021 marked the 1-year anniversary of the Gamestop stock going viral, which led to the birth of meme stocks. To help make sense of what happened during that craze and the time since is my guest, Spencer Jakab whose new book “The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors” tells the story of what led to those events and what it says about investing in today's social media culture. Spencer Jakab is an author, award-winning financial journalist, and a former top-rated stock analyst at Credit Suisse. He also edits the Wall Street Journal's “Heard on the Street” segment. In today's episode, Spencer talks about the rise of people turning to social media for investing advice and the danger of confusing investing with speculating or get-rich-quick schemes. Spencer also explains the initial purpose of the takeover of the Gamestop stocks and why it only made the rich richer. I thoroughly enjoyed talking to Spencer and hearing his take on Reddit threads like r/wallstreetbets and financial influencers, and I know you will too! For full episode show notes visit: https://jessicamoorhouse.com/313
Toni Turner, president of TrendStar Group, says that while she expects the market's bullish case to win out over the longer term, right now the tape is showing a fight between bulls and bears over issues like higher inflation and interest rates, creating what she called a 'tradeable low,' which is a buying opportunity where purchases are backed up by protective stops to limit downside risk in case the market 'gets cranky again.' In the Book Interview, Spencer Jakab of the Wal Street Journal discusses 'The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors,' which is out today, and in the Market Call, veteran financial talk show host Moe Ansari of Compak Asset Management is talking stocks based on his take that mixes technicals with fundamentals.
Today we are chatting with Spencer Jakab! Spencer is an award-winning journalist who has written for the Financial Times, Dow Jones, and The Wall Street Journal, where he is currently the editor of the Heard on the Street column. He has a new book coming out on the GameStop/Meme Stock events of 2021 called The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors. In today's episode we talk with Spencer about his new book and the early days of the GameStop saga. We'll also hear Spencer's personal thoughts about funding your index funds and portfolios, and what he thinks about crypto investing. Calls to Action: Follow Dough Roller on Linkedin: https://www.linkedin.com/company/dough-roller/ Follow Dough Roller on Instagram: https://www.instagram.com/doughrollermoney/ Follow Dough Roller on Twitter: https://twitter.com/doughroller Check out the Dough Roller website and blog: https://www.doughroller.net/ Mentioned in the Episode: Spencer's new book- https://www.amazon.com/gp/product/B09DP5L6QG/ref=dbs_a_def_rwt_bibl_vppi_i0 Spencer's Twitter- https://twitter.com/Spencerjakab?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor Spencer's Website-https://spencerjakab.com/ Spencer's Articles on WSJ- https://www.wsj.com/news/author/spencer-jakab
In Episode 230 of Hidden Forces, Demetri Kofinas speaks with Spencer Jakab, an award-winning financial journalist who edits the Wall Street Journal's “Heard on the Street” column and who is out with a new book chronicling one of the craziest news stories of the last few years. The story centers on a motley crew of retail traders on Reddit's r/WallStreetBets forum who almost broke the Internet by using social media, the Robinhood trading app, and a sophisticated understanding of options contracts to wreak havoc on Wall Street while making a fortune doing it. This is a retrospective on the now infamous GameStop/$GME: the video game retailer who attracted crazy amounts of media attention this time last year. Spencer and I discuss the facts of the story in detail, how the meme stock squeeze unfolded, who the winners were, and what the deeper significance of this story really is. One year later, what does it reveal to us about how our financial system works, the corrosive influence of years and years of easy money, and the dereliction of regulators to regulate? And what do we make of the metanarrative that's taken hold in society today, which says that “it's all just a narrative?” If that's true, what does that say about not only where the markets are going, but our economy and society as well? These are all questions that Demetri and Spencer explore in this phenomenal and thought provoking episode. You can access the transcript and intelligence report to this week's conversation by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 01/24/2022
Did you participate in the Gamestop trading craze last year? If you didn't -- and had FOMO while small traders banded together and took down "the man" -- we're going to help you feel better today by diving into what really went down. From short selling to Reddit and Robinhood, our guest today shares it all. Spencer Jakab's interest in Gamestop was piqued when his son was talking about Reddit threads. It led him to dive in and write a book explaining the behind-the-scenes story. He's sharing his findings today and I'd bet there's some details that will surprise you. During our headline, we're looking at auto loans. Banks posted record auto loan originations in 2021. We dive into why and the psychology behind car buying. We're also answering Sarah's question about finding the best bank accounts and Doug shares his trivia. Enjoy! Full show notes are available at http://stackingbenjamins.com A deeper dive into all these topics went out this morning to our newsletter subscribers. You can join too, for free! http://stackingbenjamins.com/201
In this special episode, co-hosts Phil Ordway and Elliot Turner speak with award-winning investing columnist Spencer Jakab about his new book, The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors. About the Book: The Revolution That Wasn't is the riveting story of how the meme stock squeeze unfolded, and of the real architects (and winners) of the GameStop rally. Drawing on his years as a stock analyst at a major bank, Jakab exposes technological and financial innovations such as Robinhood's habit-forming smartphone app as ploys to get our dollars within the larger story of evolving social and economic pressures. The surprising truth? What appeared to be a watershed moment—a revolution that stripped the ultra-powerful hedge funds of their market influence, placing power back in the hands of everyday investors—only tilted the odds further in the house's favor. Online brokerages love to talk about empowerment and “democratizing finance” while profiting from the mistakes and volatility created by novice investors. In this nuanced analysis, Jakab shines a light on the often-misunderstood profit motives and financial mechanisms to show how this so-called revolution is, on balance, a bonanza for Wall Street. But, Jakab argues, there really is a way for ordinary investors to beat the pros: by refusing to play their game. About the Author: Spencer Jakab is an award-winning financial journalist and a former top-rated stock analyst at Credit Suisse. He edits the Wall Street Journal's “Heard on the Street” column and previously wrote the daily investing column “Ahead of the Tape.” Prior to joining the Journal he wrote for the "Lex" and "On Wall Street" columns at Britain's Financial Times. This is his second book. Enjoy the conversation! The primary purpose of this podcast is to educate and inform. The views, information, or opinions expressed by hosts or guests are their own. Neither this show, nor any of its content should be construed as investment advice or as a recommendation to buy or sell any particular security. Security specific information shared on this podcast should not be relied upon as a basis for your own investment decisions -- be sure to do your own research. The podcast hosts and participants may have a position in the securities mentioned, personally, through sub accounts and/or through separate funds and may change their holdings at any time. About the Co-Hosts: Elliot Turner is a co-founder and Managing Partner, CIO at RGA Investment Advisors, LLC. RGA Investment Advisors runs a long-term, low turnover, growth at a reasonable price investment strategy seeking out global opportunities. Elliot focuses on discovering and analyzing long-term, high quality investment opportunities and strategic portfolio management. Prior to joining RGA, Elliot managed portfolios at at AustinWeston Asset Management LLC, Chimera Securities and T3 Capital. Elliot holds the Chartered Financial Analyst (CFA) designation as well as a Juris Doctor from Brooklyn Law School.. He also holds a Bachelor of Arts degree from Emory University where he double majored in Political Science and Philosophy. Philip Ordway is Managing Principal and Portfolio Manager of Anabatic Fund, L.P. Previously, Philip was a partner at Chicago Fundamental Investment Partners (CFIP). At CFIP, which he joined in 2007, Philip was responsible for investments across the capital structure in various industries. Prior to joining CFIP, Philip was an analyst in structured corporate finance with Citigroup Global Markets, Inc. from 2002 to 2005. Philip earned his B.S. in Education & Social Policy and Economics from Northwestern University in 2002 and his M.B.A. from the Kellogg School of Management at Northwestern University in 2007, where he now serves as an Adjunct Professor in the Finance Department. John Mihaljevic leads MOI Global and serves as managing editor of The Manual of Ideas. He managed a private partnership, Mihaljevic Partners LP, from 2005-2016. John is a winner of the Value Investors Club's prize for best investment idea. He is a trained capital allocator, having studied under Yale University Chief Investment Officer David Swensen and served as Research Assistant to Nobel Laureate James Tobin. John holds a BA in Economics, summa cum laude, from Yale and is a CFA charterholder.
Guy shares a thread by Matthew Cochrane on Twitter that stresses the importance of buying great companies so you don't end up feeling the need to panic sell and/or time the bottom. Follow Matthew on Twitter: https://twitter.com/matt_cochrane7?s=21 Check out the thread that is referenced during this episode: https://twitter.com/matt_cochrane7/status/1484526445124669442?s=21 Follow Morgan Housel: https://twitter.com/morganhousel?s=21 Read “The Agony of High Returns” by Morgan Housel: https://www.fool.com/investing/general/2016/02/09/the-agony-of-high-returns.aspx Read “How I Learned to Stop Worrying and Love the Bear Market” by Spencer Jakab: https://www.wsj.com/articles/how-i-learned-to-stop-worrying-and-love-the-bear-market-11585301582 Follow Minion Capital: https://twitter.com/minioncapital?s=21 Follow Ho Nam on Twitter: https://twitter.com/honam?s=21 Read “How We Think About Cash” - by John Neff: https://www.akrecapital.com/how-we-think-about-cash/ Follow Brian Feroldi on Twitter: https://twitter.com/brianferoldi?s=21 Follow Mostly Borrowed Ideas on Twitter: https://twitter.com/borrowed_ideas?s=21 Check out the thread by Mostly Borrowed Ideas that was referenced: https://twitter.com/borrowed_ideas/status/1484736396229230594?s=21 Follow Guy on Twitter: https://twitter.com/guy_leblanc?s=21
Guy, Dan and Danny discuss the Fed meeting (2:28), tech earnings (14:38), why Dan is buying crypto over stocks right now (24:38) and Danny's NFL picks (29:35). The co-hosts interview Victor Jones of TastyTrade and talk about recent volatility in the market (37:51), concentration in mega-cap tech stocks (45:09), and the Greenwood Project. Later, the guys sit down with Spencer Jakab, editor of the Wall Street Journal's Heard on the Street column, about his new book, The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors. ---- See what adding futures can do for you at cmegroup.com/onthetape. ---- Shoot us an email at OnTheTape@riskreversal.com with any feedback, suggestions, or questions for us to answer on the pod and follow us @OnTheTapePod. We're on social: Follow Dan Nathan @RiskReversal on Twitter Follow @GuyAdami on Twitter Follow Danny Moses @DMoses34 on Twitter Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube page
In 2021, it's all about Covid, and then Gamestop Stock. Everywhere you go (or can't go), people are talking about Gamestop, AMC, Meme Stock, Wall Street bet, and Reddit!So, what happened? As I mentioned in the podcast, it's not that easy to short a stock, and sure as hell, it's not easy to pull off what Reddit had pulled off on Gamestop!Spencer Jakab, an award-winning financial journalist and a former top-rated stock analyst at Credit Suisse, came on to talk about his new book, The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors, and to share with us, what was going on behind the scene that made all this possible?Listen to the full episode, and tweet at me @jaltucher on tweeter to share your thought!My new book Skip The Line is out! Make sure you get a copy wherever you get your new book!Join You Should Run For President 2.0 Facebook Group, and we discuss why should run for president.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.Thanks so much for listening! If you like this episode, please subscribe to "The James Altucher Show" and rate and review wherever you get your podcasts:Apple PodcastsStitcheriHeart RadioSpotify Follow me on Social Media:YouTubeTwitterFacebook ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn
In 2021, it's all about Covid, and then Gamestop Stock. Everywhere you go (or can't go), people are talking about Gamestop, AMC, Meme Stock, Wall Street bet, and Reddit!So, what happened? As I mentioned in the podcast, it's not that easy to short a stock, and sure as hell, it's not easy to pull off what Reddit had pulled off on Gamestop!Spencer Jakab, an award-winning financial journalist and a former top-rated stock analyst at Credit Suisse, came on to talk about his new book, The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors, and to share with us, what was going on behind the scene that made all this possible?Listen to the full episode, and tweet at me @jaltucher on tweeter to share your thought!My new book Skip The Line is out! Make sure you get a copy wherever you get your new book!Join You Should Run For President 2.0 Facebook Group, and we discuss why should run for president.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.Thanks so much for listening! If you like this episode, please subscribe to “The James Altucher Show” and rate and review wherever you get your podcasts:Apple PodcastsStitcheriHeart RadioSpotify Follow me on Social Media:YouTubeTwitterFacebook
Spencer Jakab is the Editor of the "Heard on the Street" column for the Wall Street Journal and the author of two books. His new book is "The Revolution That Wasn't: GameStop, Reddit and the Fleecing of Small Investors," which is the topic of our conversation. Previously he wrote "Ahead of the Tape" published in 2015. Prior to joining the WSJ, Spencer was an analyst and later a director of emerging markets equity research at Credit Suisse. Back in 2020, when millions of mostly young people opened brokerage accounts for the first time while sheltering from the Covid-19 pandemic, it seemed like they could do no wrong, even as some legendary investors could do no right. But that all changed after a climactic battle between the haves and have-nots during January 2021. In this surreal interview, we look back over the rise and fall of meme stocks, young and wild Robinhood traders, COVID checks and easy credit, and the Reddit revolution that wasn't. This podcast is hosted by Rick Ferri, CFA, a long-time Boglehead and investment adviser. The Bogleheads are a group of like-minded individual investors who follow the general investment and business beliefs of John C. Bogle, founder and former CEO of the Vanguard Group. It is a conflict-free community where individual investors reach out and provide education, assistance, and relevant information to other investors of all experience levels at no cost. The organization supports a free website at Bogleheads.org, and the wiki site is Bogleheads® wiki. Since 2000, the Bogleheads' have held national conferences in major cities around the country. There are also many Local Chapters in the US and even a few Foreign Chapters that meet regularly. New Chapters are being added on a regular basis. All Bogleheads activities are coordinated by volunteers who contribute their time and talent. This podcast is supported by the John C. Bogle Center for Financial Literacy, a non-profit organization approved by the IRS as a 501(c)(3) public charity on February 6, 2012. Your tax-deductible donation to the Bogle Center is appreciated.
Wall Street Journal columnist Spencer Jakab marks the one-year anniversary of that weird time when the subReddit Wall St Bets pumped shares of meme stocks like GameStop and AMC Theaters, triggering a short squeeze that forced several hedge funds to lose billions. What did we learn from that experience? And how do we actually take down Wall Street? How do we launch a truly effective financial revolution? We share those insights in today's episode. Subscribe to the show notes at https://affordanything.com/shownotes
In The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors (Portfolio/Penguin, 2022), WSJ columnist Spencer Jakab weaves together personal narratives, the key market institutions, and social media to tell the fascinating tale of the GameStop short squeeze of early 2021. The surprising truth? What appeared to be a watershed moment—a revolution that stripped the ultra-powerful hedge funds of their market influence, placing power back in the hands of everyday investors—only tilted the odds further in the house's favor. The Revolution That Wasn't is the definitive account of an event that has immediately joined the list of best and worst stock market moments. Daniel Peris is Senior Vice President at Federated Hermes in Pittsburgh. He can be reached at DanielxPeris@gmail.com or via Twitter @HistoryInvestor. His History and Investing blog and Keep Calm & Carry On Investing podcast are at https://strategicdividendinves... Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics
In The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors (Portfolio/Penguin, 2022), WSJ columnist Spencer Jakab weaves together personal narratives, the key market institutions, and social media to tell the fascinating tale of the GameStop short squeeze of early 2021. The surprising truth? What appeared to be a watershed moment—a revolution that stripped the ultra-powerful hedge funds of their market influence, placing power back in the hands of everyday investors—only tilted the odds further in the house's favor. The Revolution That Wasn't is the definitive account of an event that has immediately joined the list of best and worst stock market moments. Daniel Peris is Senior Vice President at Federated Hermes in Pittsburgh. He can be reached at DanielxPeris@gmail.com or via Twitter @HistoryInvestor. His History and Investing blog and Keep Calm & Carry On Investing podcast are at https://strategicdividendinves... Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance
In The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors (Portfolio/Penguin, 2022), WSJ columnist Spencer Jakab weaves together personal narratives, the key market institutions, and social media to tell the fascinating tale of the GameStop short squeeze of early 2021. The surprising truth? What appeared to be a watershed moment—a revolution that stripped the ultra-powerful hedge funds of their market influence, placing power back in the hands of everyday investors—only tilted the odds further in the house's favor. The Revolution That Wasn't is the definitive account of an event that has immediately joined the list of best and worst stock market moments. Daniel Peris is Senior Vice President at Federated Hermes in Pittsburgh. He can be reached at DanielxPeris@gmail.com or via Twitter @HistoryInvestor. His History and Investing blog and Keep Calm & Carry On Investing podcast are at https://strategicdividendinves... Learn more about your ad choices. Visit megaphone.fm/adchoices
In The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors (Portfolio/Penguin, 2022), WSJ columnist Spencer Jakab weaves together personal narratives, the key market institutions, and social media to tell the fascinating tale of the GameStop short squeeze of early 2021. The surprising truth? What appeared to be a watershed moment—a revolution that stripped the ultra-powerful hedge funds of their market influence, placing power back in the hands of everyday investors—only tilted the odds further in the house's favor. The Revolution That Wasn't is the definitive account of an event that has immediately joined the list of best and worst stock market moments. Daniel Peris is Senior Vice President at Federated Hermes in Pittsburgh. He can be reached at DanielxPeris@gmail.com or via Twitter @HistoryInvestor. His History and Investing blog and Keep Calm & Carry On Investing podcast are at https://strategicdividendinves... Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/book-of-the-day
In The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors (Portfolio/Penguin, 2022), WSJ columnist Spencer Jakab weaves together personal narratives, the key market institutions, and social media to tell the fascinating tale of the GameStop short squeeze of early 2021. The surprising truth? What appeared to be a watershed moment—a revolution that stripped the ultra-powerful hedge funds of their market influence, placing power back in the hands of everyday investors—only tilted the odds further in the house's favor. The Revolution That Wasn't is the definitive account of an event that has immediately joined the list of best and worst stock market moments. Daniel Peris is Senior Vice President at Federated Hermes in Pittsburgh. He can be reached at DanielxPeris@gmail.com or via Twitter @HistoryInvestor. His History and Investing blog and Keep Calm & Carry On Investing podcast are at https://strategicdividendinves... Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network
After the biggest intraday market bounceback in years, investors are making sense of tech stock stumbles, inflation fears, and uncertainty from the Fed. Cryptocurrencies are still trading lower, with bitcoin down 50% from its highs. About 8,500 American troops are standing by for deployment as the U.S. and its European allies watch Russia-Ukraine tensions escalate. CNBC's Kayla Tausche breaks down the U.S. response to the rising likelihood of a Russian invasion, and Hayman Capital Management CIO and global investor Kyle Bass considers the conflict's impact on portfolios and geopolitical stability. Plus, it's been a year since the Reddit Rebellion. WSJ journalist and “The Revolution That Wasn't” author Spencer Jakab explains what's changed--and what hasn't--since the ‘little guys' took on Wall Street. In this episode:Kyle Bass, @JkylebassSpencer Jakab, @SpencerjakabJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKayla Tausche, @kaylatauscheKatie Kramer, @Kramer_Katie
Wall Street Journal editor Spencer Jakab on his book, The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors. The Mulligan brothers, new investors from Oregon, share what they learned riding GameStop stock against the Hedge Fund-Industrial Complex.
"Heard on the Street" editor Spencer Jakab joins host J.R. Whalen to discuss The Wall Street Journal's new five-week investing challenge and how it can boost your stock-market know-how as well as protect your portfolio. Learn more about your ad choices. Visit megaphone.fm/adchoices
With the markets volatile and an election looming, inflation hasn't been top-of-mind for investors lately. But there are some factors that could eventually lead to higher prices, and Heard on the Street editor Spencer Jakab says investors worried about inflation have options for where to park their money. Charlie Turner hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices
An increasing share of Americans' retirement assets are held by higher-income people. Heard on the Street editor Spencer Jakab discusses a proposal by Democratic presidential nominee Joe Biden that aims to address that inequality. Charlie Turner hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices
Should the goal of investing be to beat the market or to meet your personal financial goals? Spencer Jakab, editor of The Wall Street Journal’s column Heard on the Street and author of Heads I Win, Tails I Win: Why Smart Investors Fail and How to Tilt the Odds in Your Favor, describes what happens when investors let media pundits (experts) and trends sway their financial habits. Frequently, individuals actively managing their own investments have lower returns than a completely passive strategy. Why is this? How can you tilt the odds of success in the market in your favor? Does following professional advice help? How about following media trends? Doug and Spencer talk about how to develop a mechanical investing strategy, and what steps you should take if you really want to beat the market. Take these steps if you want to retire early Doug shares a list of five tips he has for investors with their hearts set on retiring early. He shares the obvious things to do and maybe a couple of things you haven’t thought about… like running Monte Carlo Simulations. If you would like a copy of these tips about retiring early, download “What You Need to Know to Retire Early” here. Free Download: What You Need to Know About Retiring Early To learn more about Spencer Jakab, visit his website or follow him on Twitter at @SpencerJakab. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book. Like what you hear? Leave a review on Apple Podcasts. Click here if you have iOS 11
Can someone really beat the market on a consistent basis? Spencer Jakab, Deputy Editor of the Wall Street Journal’s “Heard on the Street” column, speak with Doug Goldstein about finding bargains in the market, how someone would make a portfolio Read more › The post Investment Analysis and Indexing with Spencer Jakab from the Wall Street Journal – MTI156 appeared first on Money Tree Investing Podcast.
Hello and welcome to this episode of Informed Choice Radio. My guest on the show today is Spencer Jakab. Spencer writes for and edits the “Heard on the Street” column for The Wall Street Journal and previously wrote its daily investing column, “Ahead of the Tape.” He has also written about investing for the Financial Times, Barron’s, and Dow Jones news wires. Prior to becoming a journalist, he was a top-rated stock analyst covering emerging markets at Credit Suisse. His first book is Heads I Win, Tails I Win: Why Smart Investors Fail and How to Tilt the Odds in Your Favor. According to Spencer, most of us have no idea how much money we’re leaving on the table — or that the average saver doesn’t come anywhere close to earning the “average” returns touted in those glossy brochures. We’re handicapped not only by psychological biases and a fear of missing out, but by an industry with multi-million dollar marketing budgets and an eye on its own bottom line, not yours. In this episode, I chat to Spencer about making the transition from stock analyst to journalist, how important the cost of investing really is, steps we can take as investors to insulate ourselves from making bad decisions, the common mistakes Spencer sees investors making, and much more. Here's my conversation with Spencer Jakab, Wall Street Journalist columnist and author of Heads I Win, Tails I Win, in episode 252 of Informed Choice Radio.
Topic: Self-Sabotage What we cover: * Spencer Jakab author of Heads I win, Tails I Win * The act of not saving before spending is self-sabotage * Knowing that you have to fund your retirement and not doing it, is self-sabotage * Voluntarily Buying something on credit with no means to pay it off, is self-sabotage * Ignoring college costs either as a parent or a student is self-sabotage. * Tax season can bring out all forms of self-sabotage * When you consistently withhold the wrong amount then blow your refund. * When you have a three or five paycheck month and you blow it * Sabotaging a financial relationship * BWOM Subscribe on iTunes | Subscribe on Stitcher Want to be a guest on the The Million Dollar Plan podcast? Apply Here Audio Player
Topic: Self-Sabotage What we cover: * Spencer Jakab author of Heads I win, Tails I Win * The act of not saving before spending is self-sabotage * Knowing that you have to fund your retirement and not doing it, is self-sabotage * Voluntarily Buying something on credit with no means to pay it off, is self-sabotage * Ignoring college costs either as a parent or a student is self-sabotage. * Tax season can bring out all forms of self-sabotage * When you consistently withhold the wrong amount then blow your refund. * When you have a three or five paycheck month and you blow it * Sabotaging a financial relationship * BWOM Subscribe on iTunes | Subscribe on Stitcher Want to be a guest on the The Million Dollar Plan podcast? Apply Here Audio Player
You're terrible at investing, and you wouldn't be much better with a time machine. Don't believe it? Spencer Jakab of the Wall Street Journal's Heard on the Street joins to talk about his new book "Heads I Win, Tails I Win," which breaks down why you need to stop futzing with your retirement savings and just enjoy the ride.
(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox. GUEST: Author Spencer Jakab on his new book, "Heads I Win, Tails I Win: Why Smart Investors Fail and How to Tilt the Odds in Your Favor," and why some fund managers are overpaid and don't deserve the media attention and fees they receive.
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