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Patrick Boyle On Finance

How WallStreetBets Really Started - Trolls of Wall Street - With Nathaniel Popper

Patrick Boyle On Finance

Patrick Boyle

Investing, Business

4.9320 Ratings

🗓️ 4 June 2024

⏱️ 57 minutes

🧾️ Download transcript

Summary

Send us a textTrolls of Wall Street on Amazon: https://amzn.to/4e40D5MAn interview with Nathaniel Popper the author of Trolls of Wall Street - How the Outcasts and Insurgents Are Hacking the Markets. Trolls of Wall Street is a new book telling the story of an improbable gang of self-proclaimed “degenerates” who made WallStreetBets into a cultural movement that moved from the fringes of the internet to the center of Wall Street, upending the global financial markets and changing how an entire ...

Transcript

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0:00.0

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0:30.4

Hello and welcome. You are listening to Patrick Boyle on Finance, a podcast exploring ideas from quantitative finance, examining events occurring

0:39.7

in markets right now and financial history to see what lessons can be taken away, including

0:45.3

interviews with some of the most interesting people in the world of finance.

0:49.5

To learn more about the podcast, visit onfinance.org.

0:59.9

Welcome back to the channel, everyone.

1:05.4

Viewers are often asking me for book recommendations in the comment section, and I just read The Trolls of Wall Street by Nathaniel Popper, which is a really fascinating look at meme stock mania that we've

1:12.3

seen in recent years. And I had to tell you guys about it. Describing the book as just a

1:18.3

book about meme stocks would be selling it short, and I never recommend selling anything short

1:23.9

on this channel. In fact, that's one of the lessons of this book. The book's more

1:29.5

interesting than just a book about meme stocks because it examines how online discourse

1:35.2

and society as a whole have changed over the last few years. We've lived through a fairly

1:41.3

strange time of lockdowns, mass protests over a variety of hot

1:45.9

button topics, arguments about free speech and through what the press has described as

1:52.0

an epidemic of loneliness.

1:54.2

And this book manages to pull all of these topics together while being mostly about

1:59.4

meme stocks and the Wall Street Bet subreddit.

2:02.9

I'm lucky to have the author Nathaniel Popper on the channel today and I think you'll find

2:08.3

this topic as interesting as I do.

...

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