Unhedged Well, actually: Our ‘Dumb Money’ movie review
Sep 21, 2023
Seth Rogen and America Ferrera discuss the movie 'Dumb Money' and its portrayal of finance concepts. They question the accuracy of the narrative and talk about the impact on retail traders. The podcast also mentions meme stocks, a movie recommendation, and opinions on Jay Powell and auto workers.
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Dumb Money Movie Plot
- The movie "Dumb Money" portrays the GameStop stock surge of 2021, focusing on Keith Gill (Roaring Kitty).
- It also depicts hedge fund managers like Gabe Plotkin and Ken Griffin.
Short Squeeze Explained
- Short selling involves borrowing and selling a stock, hoping to buy it back later at a lower price.
- A short squeeze happens when the stock price rises, forcing short sellers to buy back at a loss.
Payment for Order Flow
- Payment for order flow involves market makers paying brokerages for individual trades.
- Market makers profit from the spread between bid and ask prices, preferring less sophisticated traders.