GameStonk!! and Moar!
Catching Foxes
Luke and Gomer
4.7 • 778 Ratings
🗓️ 29 January 2021
⏱️ 93 minutes
🧾️ Download transcript
Summary
Luke asked for topics. Maybe five or so. We got about 57! So we run through a bunch of good, deep, light, and hilarious questions in this episode. But first! Luke talks** GameStonk!! **
Sponsored By:
- Stereo Jan-Feb: Again, join us Live every Sunday night at 9 central for the Catching Foxes after party. Find me at stereo.com/gomer. The Stereo app is simple and a lot of fun. I’m loving it. Follow me so that you get notified every time I go LIVE and you can join me!
- BetterHelp.com: Get 10% off your secure, specialized counseling at BetterHelp.com/foxes
Links:
- THE GAMESTONK BUBBLE - Wall Street Bets, Reddit Traders, AMC, GME | Minority Mindset - YouTube — Minority Mindset was founded to revolutionize the way Money Minds think about money and to make financial literacy fun. We do this by sharing videos, articles and resources on how to make, save and invest money. #RethinkRich
- THE GAMESTONK BUBBLE - Wall Street Bets, Reddit Traders, AMC, GME | Minority Mindset - YouTube — THE GAMESTONK BUBBLE - Wall Street Bets, Reddit Traders, AMC, GME | Minority Mindset
Transcript
Click on a timestamp to play from that location
| 0:00.0 | So, Luke, I had no idea you were a member of the alt-right. |
| 0:08.9 | Can you? |
| 0:10.4 | What did that video say? |
| 0:11.8 | Was a guy saying that Wall Street Betts is a member of the Alt-Right? |
| 0:15.3 | No, he loves Wall Street Betts, and he's trying to defend them against the financial times |
| 0:20.5 | and other Wall Street allies that are coming after them with everything they can. |
| 0:24.6 | I cannot believe that people... Okay, so for a little bit of... Okay, so we've all heard about the stonks. I cannot believe that this is happening. |
| 0:34.2 | So I need to provide a little bit of a back story. I need to provide a bit of a |
| 0:37.7 | backstory. So you're all aware what's going on within the financial world because it's |
| 0:42.2 | everywhere right now with this subreddit Wall Street bets and the stonks and the to the moon |
| 0:49.2 | and Yolo and how everything. So for people who don't know, I'm going to do my best. |
| 0:56.4 | I watched a video on it that I think did a really good job. |
| 1:00.3 | So let me do it. |
| 1:00.8 | Yeah, |
| 1:00.9 | please, please, please. |
| 1:01.8 | There's this Sikh guy named Joss Preeks Singh |
| 1:04.7 | who does a YouTube channel called the Minority Report. |
| 1:07.8 | It's great financial thing. |
| 1:09.6 | But essentially it's this. |
| 1:14.2 | A hedge fund is betting on they're shorting a stock because they believe that stock will go down in value. So instead of |
| 1:19.1 | buying the stock, they borrow the stock, short the value and hope to sell the stock or acquire |
| 1:25.4 | the stock at a lower rate, which actually makes them more money. |
... |
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