The Examined Life Do you need an MBA? [Jack Raines]
Apr 18, 2024
Jack Raines, a writer and Associate Editor at Sherwood Media, shares insights on networking online, the power of satire, and de-risking a sabbatical in the changing job landscape. The podcast explores his unconventional path from a Columbia MBA to starting a new division at RobinHood and his success as the world's greatest LinkedIn shitposter.
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Trading SPACs With Reddit Speed
- Jack traded SPACs during COVID using Reddit and Discord to get filings faster than the market.
- He often placed limit orders during trading halts and sold after social chatter pushed prices up.
Small Amplifiers Create Big Momentum
- A single influential share can double a tiny blog's audience almost overnight.
- Validation from respected people accelerated Jack's decision to take writing seriously.
Publicly Documented Trading Crash
- Jack wrote about making $400k from a $16k Roth IRA then losing ~$150k in one day.
- He published screenshots and detailed trades, which rapidly grew his audience.