Their skiff'd have ever received has to be a bike when I was younger, a pedal bike.

It was a sort of slick little road bike and I remember it was all like, it was so, it was all wrapped up,

it was so obvious what it was obviously because nothing shaped like a bike and I had a little ribbon on it and I was so

a guess. For that was a life changer and I'm still sort of big on cycling around my area now so, for that one change really low.

Enjoy in every sip with red cups now back at Starbucks.

Hi everybody, John Don Van here and if you have heard the term meme stock, you're going to like this debate and even if you haven't,

you're going to learn real fast what a meme stock is and the question that the term suggests and that question is,

has the world of investing changed so much in just the past few years that the retail investor can do just as well as the big time Wall Street pros.

Even beat them at what is in so many ways, a zero some David and Goliath game.

Some vocab that you've heard and will hear in this debate, GameStop, AMC, Robinhood, Revolution.

So get ready, we're going to be testing the proposition that the retail investor really can do it, can win and not just every once in a blue moon.

Our debaters are Tom Sosnov who is founder of Tasty Trade and that's a media company that also gives investors a trading platform.

They've just come out with the book called the Unlucky Investors Guide to Options Trading and the other debater is Spencer Jacob,

a Wall Street Journal editor and author of the book, the Revolution that wasn't GameStop, Reddit and the fleacing of retail investors.

So to draw the dividing lines here, I'm going to ask both of you a question and it's the same question for both of you.

Spencer, you are up first. Here is the question. It is a, do you agree question? So here it is.

Do you agree with this statement? Today the technology and the information available to everyone means that retail investors can and should invest and trade all on their own because they can expect to do well on their own.

Do you agree with that statement Spencer? No, in a nutshell, no, they shouldn't. They can if they are very passive, the evidence is quite strong about that.

But the very active type of investing that they've been doing recently is deleterious to their performance. The evidence is very strong that it causes them to lag the market and often lose money.

And Spencer, you just wrote a book about a very, very notable episode in which the small investors seem to be doing really, really well and then for most of them it didn't turn out that well.

Is the argument of your book and the argument that you'll be making here that that's the lesson that the small investor might get seduced into thinking that they have the tools and the know how and the ability and almost invariably will be crushed.

If they're very active, then not necessarily crushed, but crushed relative to what they should be earning, what they could be earning with no effort.

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