George Steer

George Steer, a US markets reporter at the Financial Times, dives into the world of 'pump and dump' schemes—fraudulent practices that entice investors only to see stock prices collapse. He discusses how social media fuels these scams and the psychological tricks scammers use. The conversation highlights the growing concern over investment fraud, the need for investor vigilance, and strategies to identify stock manipulation. With anecdotal humor, they also explore real estate investments and the cultural significance of envy in finance.

George Steer, a correspondent from the markets team in NYC, brings his expertise on microcaps. He discusses the surge of small cap IPOs, particularly from Chinese companies like a hot pot chain. The conversation dives into the motivations of underwriters and the implications of regulatory changes. They also explore the volatility of U.S.-China financial ties and critique the speculative nature of microcap investments. Finally, Steer shares laughs over a DJ's misstep and reflects on fashion choices at a recent event.