The Meme Stock Craze Killed Jim Simons

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6 • 658 Ratings

🗓️ 22 May 2024

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Let's talk about the meme stock craze and how it impacted Jim Simons! Today we also highlight rising credit card and auto loan delinquencies, the depletion of post-pandemic savings, and financial strains from higher costs of essentials amid high interest rates. And did you know there was also brief resurgence of meme stocks like GameStop and AMC?

Join us as we discuss...

Jim Simons' investment success using mathematical models.
"The Man Who Solved the Market" book by Greg Zuckerman.
The Renaissance Technologies and its significant returns.
The impact of wealth and charitable giving.
Examination of tax strategies and the concept of presidential libraries.
Debate on credit card debt and utilization rates.
Discussion on the rising cost of living and inflation.
Mention of the recent surge and drop in meme stocks like GameStop.
Commentary on the Federal Reserve's role in managing financial crises.

For more information, visit the show notes at https://moneytreepodcast.com/the-meme-stock-craze-609

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners

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Transcript

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0:00.0	Welcome to the Money Tree Investing Podcast.
0:04.7	Stock market, wealth, personal finance, value stocks, invest in your life.
0:11.3	Hello, Smart Money Tree podcast listeners.
0:13.0	Welcome to this week's show.
0:14.0	My name's Kirk Chisholm.
0:14.8	I'll be your host.
0:15.5	And today I'm joined with my good friend Doug Higran.
0:17.6	Hey, Doug.
0:18.4	Hey, Kirk.
0:19.0	Happy Friday again to you as many, many times before and hopefully many, many times again.
0:25.1	Happy Friday to you, dude.
0:26.6	You too, Doug.
0:27.6	Yeah, looking forward to actually getting some good weather here.
0:29.7	I was outside.
0:30.4	Did you say YouTube?
0:31.6	Are you endorsing?
0:32.6	YouTube, whatever.
0:33.9	We're not talking about Bono here.
0:36.2	I mean, this is great. We get some great weather and finally starts to feel like spring again.
0:40.5	I'm excited over here. We do this thing called chart crimes, which I know we're going to talk about today.
0:44.8	And I'm a big fan of memes, all memes. It's like the new comedy that doesn't get any respect.
0:50.1	It's like the Rodney Dangerfield of comedy, but I love it. And you've got these people out there just putting out brilliant memes that don't get any respect, but they make everyone laugh.
	...

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