In this episode, Trishul and Aaron look back at what happened with GameStop and use this crazy, quixotic story to examine different aspects of trading equities. They explain shorting stocks, margin calls, and the impact of large trading volumes. They then highlight how hedge funds, Reddit's WallStreetBets, and Robinhood created a whirlwind of chaos, with GameStop caught in the middle. In the end, they uncover a fascinating intersection between classic stock market irrationality and modern technology.
Episode References
Short Selling
Margin Call
Reddit/WallStreetBets
Short Margin Requirements
Quote: GME
Regulation SHO
Easy To Borrow List
https://i.redd.it/1wpfodbyb6f61.png
Greater Fool Theory
Could the GameStop saga have unfolded in any other country?
GameStop Timeline
This short seller just got a $2.75B bailout
Failure to Deliver
Melvin Capital Closes out its GameStop position
Podcast Description
Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.
Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.
