REVOLUTION THAT WASN'T : How Gamestop and Reddit Made Wall Street Even Richer
Language: English Publication details: UK Penguin Random House 2022Edition: 1Description: 300ISBN:- 9780241572627
- JAK/RE 332.6322
Item type | Current library | Collection | Call number | Status | Date due | Barcode | |
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Lending | Ernakulam Public Library General Stacks | Non-fiction | 332.6322 JAK/RE (Browse shelf(Opens below)) | Available | E197271 |
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332.632.203 SHR/ST STOCK MARKET DICTIONARY | 332.6322 BUF/TA TAP DANCING TO WORK: WARREN BUFFETT ON PRACTICALLY EVERYTHING, 1966 -2012 | 332.6322 CAE/TO TOOLS OF THE BEAR : HOW ANY INVESTOR CAN MAKE MONEY WHEN STOCKS GO DOWN | 332.6322 JAK/RE REVOLUTION THAT WASN'T : How Gamestop and Reddit Made Wall Street Even Richer | 332.6322 PAT/CH CHAOS KINGS | 332.6322 PRA/MU MULTIBAGGER STOCKS : How to Multiply Wealth in the Share Market | 332.6322 PRA/MU MULTIBAGGER STOCKS : How to Multiply Wealth in the Share Market |
From Wall Street Journal columnist Spencer Jakab, a contrarian story of the GameStop squeeze that uncovers the surprising winners of a rigged game.
January 2021: in one week, a motley crew of retail traders on Reddit's r/wallstreetbets forum seemingly accomplish the impossible - they bring down some of the biggest, richest players on Wall Street. Their weapon is GameStop, a failing retailer whose shares briefly become the most-traded security on the planet and the subject of intense media coverage.
The Revolution That Wasn't is the riveting story of how the meme stock squeeze unfolded, and of the real architects (and winners) of the GameStop rally. Drawing on his years as a stock analyst at a major bank, Jakab exposes technological and financial innovations such as Robinhood's habit-forming smartphone app as ploys to get our dollars within the larger story of evolving social and economic pressures. The surprising truth? What appeared to be a watershed moment - a revolution that stripped the ultra-powerful hedge funds of their market influence and placed power back in the hands of everyday investors, only tilted the odds further in the house's favour.
In this nuanced analysis, Jakab shines a light on the often-misunderstood profit motives and financial mechanisms to show how this so-called revolution is, on balance, a bonanza for Wall Street. But, Jakab argues that there really is a way for ordinary investors to beat the pros: by refusing to play their game.
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