156 | Ben Mezrich: How the GameStop Short Squeeze Brought Wall Street to Its Knees
The Realignment
The Realignment
4.8 • 2.5K Ratings
🗓️ 7 September 2021
⏱️ 64 minutes
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| 0:00.0 | Marshall and Saga here. Welcome back to the Realignment. |
| 0:03.4 | And so the problem with the stock market becoming a giant casino and everyone having access |
| 0:13.7 | to it is that we're not all going in there with the same education and we're not all going |
| 0:18.9 | in there with the same knowledge of how the stock market works and all of the tricky things |
| 0:23.1 | that are going on behind the scenes. Like a rational person getting into the game stop |
| 0:27.5 | thing would know, look, this is a short squeeze. It's very exciting, but a lot of crap can |
| 0:33.2 | happen here. Stocks get stopped, right? People stop trading, the stock market gets stopped |
| 0:40.1 | all the time. Robinhood's IPO stock got stopped multiple times during the day. But did everyone |
| 0:46.2 | know that could happen? Did all the people I was interviewed, you know, the 22 year olds |
| 0:50.3 | were buying GameStop, know that they could stop the stock from trading? I don't think they |
| 0:56.9 | all were even aware that that could happen, right? And so we're not all going into this |
| 1:00.9 | with the same level of knowledge. There needs to be an educational aspect to it. |
| 1:05.5 | Good morning, everyone. Depending on where you're listening to the show, quick reminder, |
| 1:16.0 | Saga and I are co-hosting. Breaking points today. We did this last Thursday. We had a really |
| 1:21.0 | good time. And yes, everyone, I did take the very important show note. I will look at the |
| 1:25.8 | camera this time. It's really exciting. It's really interesting to do this format with the |
| 1:31.1 | version we do here with the podcast. You have one camera to look at. Saga has four to five. |
| 1:34.9 | So whenever people are critical of Saga's performance, I can personally attest to you. It is |
| 1:39.5 | f-ing difficult to do this. But we're doing this later this morning. It's a real good time. Come |
| 1:44.5 | check us out as well too. Who are we talking with today? We got a great guest for everybody. |
| 1:49.2 | Ben Mesrick, you guys might know him. He wrote the accidental billionaires, which turned into |
| 1:53.4 | the social network. He wrote a book on Bitcoin. But today, he's here to talk about the anti-social |
... |
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