Agree to Disagree: Can Small Investors Beat The Street?

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By IQ2US Debates. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

In a modern-day battle of David and Goliath on Wall Street, thousands of amateur retail investors banded together to bid up stocks in a handful of failing companies, most notably the nostalgic video game hub known as GameStop. Within days, the renegade traders sent stocks soaring and dealt heavy blows to hedge funds and other traditional professional investors who had bet against the companies. The "meme stock" phenomenon was born. But where does "revolution" stand a year later? Did the amateurs—trading mostly on the Robinhood platform—change the world of finance? Should more "ordinary" investors get into the game? Or will that benefit Wall Street at the little guy's expense?

In this "Agree to Disagree," the Wall Street Journal's Spencer Jakab and Tastytrade co-founder Tom Sosnoff take on the meme stock debate head-to-head.

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