You don't like wall street making a crazy amount of money off of you. Do the opposite. Don't pay them a lot of money. You can own stocks andnd own mutual funds for very, very little money. Thats that is wall street's worst nightmare, is you reaping the benefits without the crazy fees. I love that as the ultimate moral of the story. The loaf passive index fund approach, the bogl head approach, the fire community approach totally. Totally.
#361: Wall Street Journal columnist Spencer Jakab marks the one-year anniversary of that weird time when the subReddit Wall St Bets pumped shares of meme stocks like GameStop and AMC Theaters, triggering a short squeeze that forced several hedge funds to lose billions.
What did we learn from that experience? And how do we actually take down Wall Street? How do we launch a truly effective financial revolution?
We share those insights in today’s episode.
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