"Meme Stock Mania" with Jaime Rogozinski
Stansberry Investor Hour
Stansberry Research
4.4 • 677 Ratings
🗓️ 28 October 2021
⏱️ 68 minutes
🧾️ Download transcript
Summary
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...
Transcript
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| 0:00.0 | Broadcasting from the Investor Hour Studios and all around the world, you're listening to the Stansberry Investor Hour. |
| 0:11.5 | Tune in each Thursday on iTunes, Google Play, and everywhere you find podcasts for the latest episodes of the Stansberry Investor Hour. |
| 0:20.0 | Sign up for the free show archive at InvestorHour.com. |
| 0:23.6 | Here's your host, Dan Ferris. |
| 0:26.6 | Hello and welcome to the Stansberry Investor Hour. |
| 0:30.6 | I'm your host, Dan Ferris. |
| 0:32.6 | I'm also the editor of Extreme Value published by Stansberry Research. |
| 0:36.6 | Today we'll talk with Jamie Rogazinsky. |
| 0:39.3 | He's the guy who created the online community known as Wall Street Betts, |
| 0:43.3 | where people were running up stocks like Game Stock and AMC Theaters. |
| 0:48.3 | Very cool conversation I'm sure we're going to have with him. |
| 0:51.3 | In the mailbag today, questions about gold, the financial conditions index of all things, and more. |
| 0:59.5 | The mailbag's a conversation, so talk to me. |
| 1:01.9 | Leave a message on our listener feedback line 800-381-2357 and hear your voice on the show. |
| 1:08.8 | For my opening rant this week, I'll just tell you some of what I |
| 1:11.3 | told the audience this week at the Stansberry Conference in Las Vegas. That and more right now on |
| 1:17.1 | the Stansberry Investor Hour. |
| 1:32.6 | Oh, what did I tell him this week in Las Vegas? I told them some things you've heard before, |
| 1:40.5 | that's for sure. I told them stocks are overvalued, and I told them that, and we'll talk about this in the mailbag, too. I told them the financial conditions are weak. And what that means is simply, |
| 1:46.9 | it's almost another way of saying stocks are overvalued because it really just says financial |
| 1:53.7 | conditions are poor if you're an investor putting money at risk who wants to get a return. |
| 1:58.3 | It means you're not getting paid enough. And really, |
... |
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