If You Can’t Beat ‘Em, Join ‘Em: How Traders React in a Crisis
Like 4chan found a Bloomberg terminal. That’s the motto on the subreddit r/WallStreetBets, where 1 million members share the most horrifyingly risky stock market strategies imaginable.
Like 4chan found a Bloomberg terminal. That’s the motto on the subreddit r/WallStreetBets, where 1 million members share the most horrifyingly risky stock market strategies imaginable.
And in these volatile times, those bets are riskier and bigger than ever. So this week on Morning Brew’s Business Casual podcast, we spoke with r/WallStreetBets founder Jaime Rogozinski to understand the new norms in market psychology.
Rogozinski, a serial entrepreneur who takes almost no responsibility for the fortunes both won and lost on the subreddit he created, explains…
- Why millennials are approaching investing differently during the COVID-19 pandemic
- How a fundamental lack of trust in the investing system impacts markets across the board
- When bear vs. bull markets are nothing but a social construct
Listen to the episode now.