Today we’re hopping on the zeitgeist with the smartest guy in the world, hotshot attorney, and former CA legislator Mike Gatto. They attempt to unravel and explain the story around GameStop, Robinhood, and WallStreetBets. Mike explains how hedge funds work, that information has value, how shorts and short squeeze work. They dive into the impenetrable Reddit thread Wall Street Bets, discuss whether or not there were hedge funds on both sides of the rise, why Gatto thinks Robinhood is nefarious, and why this is an example of how technology has changed the way the stock market works. At the end of the day, Wall Street is a casino and you are NOT going to win.
Today we’re hopping on the zeitgeist with the smartest guy in the world, hotshot attorney, and former CA legislator Mike Gatto. They attempt to unravel and explain the story around GameStop, Robinhood, and WallStreetBets. Mike explains how hedge funds work, that information has value, how shorts and short squeeze work. They dive into the impenetrable Reddit thread Wall Street Bets, discuss whether or not there were hedge funds on both sides of the rise, why Gatto thinks Robinhood is nefarious, and why this is an example of how technology has changed the way the stock market works. At the end of the day, Wall Street is a casino and you are NOT going to win.