"Meme Stock Mania" with Jaime Rogozinski episode artwork

EPISODE · Oct 28, 2021 · 1H 8M

"Meme Stock Mania" with Jaime Rogozinski

from Stansberry Investor Hour · host Stansberry Research

In 2021, many hedge funds on Wall Street took a beating... And strangely, thousands of retail investors made out like bandits... Was it an anomaly? Or is it part of a new paradigm shift in the world of finance? Dan looks to answer some of these questions by sitting down with the one man who knows more about the rise of retail investors than just about anyone... He was one of the most anticipated guest speakers during this week's Stansberry Conference in Las Vegas... And he's even had a film crew follow for the past year, creating a documentary on his life... He's the original founder of the infamous subreddit – WallStreetBets – the one and only Jaime Rogozinski. Jaime originally founded WallStreetBets on Reddit in 2012... And by 2019, WallStreetBets amassed over 1 million subscribers and had over 3 million monthly unique users. Earlier this year, the group caused quite a stir when they bid stocks like GameStop, AMC, and other so-called "meme stocks" up hundreds of percent. During their conversation, Jaime recalls some hilarious stories about WallStreetBets members who have made and lost massive fortunes in the stock market. He even shares the story of some members who invested in the wrong stock... and accidentally made a ton of money. Risky? Yes... Dangerous? Perhaps... But Jaime contends that the many people on WallStreetBets are learning to trade the best way possible – with a smile on their face and some real skin  in the game. If you've ever been tempted to trade meme stocks, or just want to hear more about some of this crazy world, this is a conversation you must listen to...

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