Spencer Jakab - Meme Stocks and Market Psychology: How Social Influence Shapes Investment Decisions

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 @spencerjakab https://spencerjakab.com/ Compliance Code: 0158-OAS-1/25/2022