How WallStreetBets REALLY Started!

[@PBoyle]

Enjoy 10% OFF on all Hoverpens and free shipping to most countries with code PATRICK: North America & other countries: bit.ly/patrickb_novium UK & Europe: bit.ly/patrickb_noviumeu

[@NormAppleton]

New meaning to "IT'S PATRICK"

[@AlexSwanson-rw7cv]

The problem is I'm already imagining Patrick dryly lampooning hoverpens.

[@Rikaishi]

@@AlexSwanson-rw7cv He can comment on how the very expensive gold-nibbed fountain pen somehow doesn't have an iridium tip, which my sister tells me is standard for expensive pens since stainless steel is too scratchy. Pretty weird choice by Novium given that all iridium comes from space so you'd think that would fit right in with their interstellar edition. (correction: The "Iridium" used by manufacturers of expensive fountain pens today apparently hasn't contained any actual iridium since the 50s, and is usually some mix of ruthenium, rhenium and tungsten)

[@peterbenjamins]

Patrick, I am not a knowledgeable investor, I find your videos to be the most informational and educational on what is happening and what has happened in the world of finance. Thank YOU!!!

[@personzorz]

It's so nice to see an author willing to give an interview to a rap channel.

[@benchoflemons398]

I honestly thought that the floating pen sponsorship was a joke at first.

[@hpenvy1106]

That's a pen.... (is)

[@alphakevin687]

I mean, its a pen, and it hovers. So it delivers on the basic premise, thats worth a lot these times.

[@timg1246]

​@@alphakevin687OK, I'll invest....

[@SigFigNewton]

Did they target the right audience?

[@devsuvara]

@@alphakevin687 means more than we give it credit for.

[@Nice_Fella]

I remember being in the chat teaching Patrick how to pronounce "Meme" correctly in one of the first Livestreams during the Gamestop saga, and now he's involved in books about financial memes! Very cool. Love your takes on things Mr Boyle, and especially your sense of humour. Glad to see how far your channel has come along! I hope you are very proud of your successes, and you deserve full credit!

[@durrer9038]

That's so cool 😃

[@snakeyman5560]

Patrick Boyle really got sponsored by the Tesla of pens 😂

[@operator8014]

​@SploinkyDH.The only one making any actual progress? Pushing the pen/automotive world forward, into stupid new territory.

[@tomwallen7271]

I was about to say.. I was sold on the smash at the opening. "What is THAT!?"

[@Fleezblarp]

it would be if they promised feature complete self writing pens that would result in a 90% ROI per year for 7 years without delivering.

[@NormAppleton]

@@operator8014 Goood, I almost thought you were an acolyte.

[@paladro]

@@ankitathomas9960 you think tesla is actual progress? pfft ok.

[@DataBasedTrader]

That flying pen is gonna be the next meme stock thanks to this channel

[@DamnHeadHumpers]

I thought it was some kind dildo or something at first

[@luciusseneca2715]

Tell me you're a nerd without telling me you're a nerd: "Here's a pen with a meteorite shard in it."

[@Noahvelli21]

The funny thing about watching you interview someone is that I just now realized I’ve heard you speak for HOURS… and I’ve never heard you interact with another person until just now.

[@vitorschroederdosanjos6539]

Love the video as always, I like it when rap youtubers speak with book writers, always an interesting conversation

[@wesleychaffin4029]

I’ll never forget on early wall st bets when someone was explaining that they put all of their retirement savings into $SPY calls because “stocks only go up”. I hope that person is doing well

[@markcarey67]

Putting the pen ad on this episode "Trolls of Wall Street" was more priceless PB dry humour....cue Leo "sell me this pen"....

[@BenjaminMRogers]

I glanced at this and thought Patrick got Matt Damon on the channel.

[@Goblynn-s5l]

He plays matt damon in the movies😂😂😂

[@AngelinaATF]

lol 😃Ben~ You’re not alone‼️First thing I thought was if Matt’s hair were darker, they could be brothers‼️🙂👍

[@morganseppy5180]

Guest looks like Al Franken's kid

[@schwizelled]

I was gonna say Mark Walberg. But let's be honest, who can really tell them apart?

[@gswdeclan]

The love child of Matt Damon and Al Franken.

[@brianives4843]

I am not professing any academia; however, I do understand how crowds work on Bourbon Street in New Orleans -- Listening to you both, respectfully, I am sensing a similar vibe of when I was trained to hawk rhythm and blues clubs. First, if it had anything to do with me, I would already know about it. Second, there are times to hawk (bring them in), and times to watch (let them pass). It was a Master's class from Lenny, via Vegas via Vietnam via Brooklyn. I am grateful for the complexity there and here in this moment.

[@brianives4843]

Lenny would have appreciated this rap channel.

[@dpagain2167]

Years ago there was a penny stock market in Denver. The stocks would be boosted at cocktail parties by CEOs who would say, "I'm not supposed to tell you this but (stock X)is on its way up. Now such people don't go to cocktail parties, they stay at home on the internet.

[@NormAppleton]

The entire NYSE was decided over double scotches and still is.

[@mikatu]

wait until you discover that the prices are going up only because the money value is going down.....

[@Gcock]

Very true, sir.

[@DwightStJohn-w1l]

In Vancouver Canada we call them "Howe Street Hookers"; the penny stock exchange (now a dollar stock exchange) is on Howe St. in Vancouver. the WSJ in 1970 categorized Van. as a notch below SLC (or Denver) and a notch above the Mexico City exchange. Mexico is now doing better. !!!!

[@howardcarney1502]

I was a member of wsb before it blue up.. around the time of GameStop I got banned from wall street bets when I suggested not to trade 1dte otm calls. I suggested that instead buy leaps that are itm already on stocks you know about well. At first I was upset I got banned but I decided to sell the same calls those idiots where buying like lottery tickets. My portfolio is healthy thanks wsb for the consistent yields.

[@dismurrart6648]

Wsb has become a crowdsourced jim cramer. Funny enough, i randomly bought some gme when it was 3 bucks, sold that December before planning to rebuy in spring. I had no clue anyone was talking about gme at all.

[@DwightStJohn-w1l]

My uncle played the market for decades, a FABULOUS buyer and a nasty really BAD seller. Usually you are one, or the other. the KEY is to know which one you are, and listen to those who are really good at the opposite of what you're skillset is going.

[@Mrinsecure]

This video is a fascinating counterpoint to Dan Olson's "This is Financial Advice," which is about the memestock "movement" and how it developed after the initial bubble burst. Or, as Olson describes it, how they transformed into essentially a financial investment cult.

[@KnakuanaRka]

Yeah, I recommend that big-time as well.

[@QuickQuips]

His video about crypto and nfts also shares the online distrust of experts that Patrick also covered at one point.

[@neild2605]

A hover pen, I'll get that to go with the roller blades for cats, and sun screen for rocks I bought, think about it rocks can't just walk into the shade on a hot day.

[@sunny3907]

Nobody thinks about the rocks, everybody only thinks about themselves. WE LIVE IN A SOCIETY

[@PBoyle]

Thanks to our growing list of Patreon Sponsors and Channel Members for supporting the channel. www.patreon.com/PatrickBoyleOnFinance : Paul Rohrbaugh, Douglas Caldwell, Greg Blake, Michal Lacko, Dougald Middleton, David O'Connor, Douglas Caldwell, Carsten Baukrowitz, Robert Wave, Jason Young, Ness Jung, Ben Brown, yourcheapdate, Dorothy Watson, Michael A Mayo, Chris Deister, Fredrick Saupe, Winston Wolfe, Adrian, Aaron Rose, Greg Thatcher, Chris Nicholls, Stephen, Joshua Rosenthal, Corgi, Adi, maRiano polidoRi, Joe Del Vicario, Marcio Andreazzi, Stefan Alexander, Stefan Penner, Scott Guthery, Luis Carmona, Keith Elkin, Claire Walsh, Marek Novák, Richard Stagg, Stephen Mortimer, Heinrich, Edgar De Sola, Sprite_tm, Wade Hobbs, Julie, Gregory Mahoney, Tom, Andre Michel, MrLuigi1138, sugarfrosted, Stephen Walker, Daniel Soderberg, John Tran, Noel Kurth, Alex Do, Simon Crosby, Gary Yrag, Dominique Buri, Sebastian, Charles, C.J. Christie, Daniel, David Schirrmacher, Ultramagic, Tim Jamison, Sam Freed,Mike Farmwald, DaFlesh, Michael Wilson, Peter Weiden, Adam Stickney, Agatha DeStories, Suzy Maclay, scott johnson, Brian K Lee, Jonathan Metter, freebird, Alexander E F, Forrest Mobley, Matthew Colter, lee beville, Fernanda Alario, William j Murphy, Atanas Atanasov, Maximiliano Rios, WhiskeyTuesday, Callum McLean, Christopher Lesner, Ivo Stoicov, William Ching, Georgios Kontogiannis, Dru Hill, Todd Gross, D F CICU, JAG, Pjotr Bekkering, Jason Harner, Nesh Hassan, Brainless, Ziad Azam, Ed, Artiom Casapu, Eric Holloman, ML, Meee, Carlos Arellano, Paul McCourt, Simon Bone, joel köykkä, Alan Medina, Chris Rock, Vik, Fly Girl, james brummel, Jessie Chiu, M G, Olivier Goemans, Martin Dráb, Boris Badinoff, eliott, Bill Walsh, Stephen Fotos, Brian McCullough, Sarah, Jonathan Horn, steel, Izidor Vetrih, Brian W Bush, James Hoctor, Eduardo, Jay T, Claude Chevroulet, Davíð Örn Jóhannesson, storm, Janusz Wieczorek, D Vidot, Christopher Boersma, Stephan Prinz, Norman A. Letterman, georgejr, Keanu Thierolf, Jeffrey, Matthew Berry, pawel irisik, Chris Davey, Michael Jones, Alfred, Ekaterina Lukyanets, Scott Gardner, Viktor Nilsson, Martin Esser, Paul Hilscher, Eric, Larry, Nam Nguyen, Lukas Braszus, hyeora,Swain Gant, Kirk Naylor-Vane, Earnest Williams, Subliminal Transformation, Kurt Mueller, KoolJBlack, MrDietsam, Saaientist, Shaun Alexander, Angelo Rauseo, Bo Grünberger, Henk S, Okke, Michael Chow, TheGabornator, Andrew Backer, Olivia Ney, Zachary Tu, Andrew Price, Alexandre Mah, Jean-Philippe Lemoussu, Gautham Chandra, Heather Meeker, John Martin, Daniel Taylor, Nishil, Nigel Knight, gavin, Arjun K.S, Louis Görtz, Jordan Millar, Molly Carr,Joshua, Shaun Deanesh, Eric Bowden, Felix Goroncy, helter_seltzer, Zhngy, lazypikachu23, Compuart, Tom Eccles, AT, Adgn, STEPHEN INGRA, Clement Schoepfer, M, A M, Dave Jones, Julien Leveille, Piotr Kłos, Chan Mun Kay, Kirandeep Kaur, Jacob Warbrick, David Kavanagh, Kalimero, Omer Secer, Yura Vladimirovich, Alexander List, korede oguntuga, Thomas Foster, Zoe Nolan, Mihai, Bolutife Ogunsuyi, Hong Phuc Luong, Old Ulysses, Mann, Rolf-Are Åbotsvik, Erik Johansson, Nay Lin Tun, Genji, Tom Sinnott, Sean Wheeler, Tom, Артем Мельников, Matthew Loos, Jaroslav Tupý, The Collier Report, Sola F, Rick Thor, Denis R, jugakalpa das, vicco55, vasan krish, DataLog, Johanes Sugiharto, Mark Pascarella, Gregory Gleason, Browning Mank, lulu minator, Mario Stemmann, Christopher Leigh, Michael Bascom, heathen99, Taivo Hiielaid, TheLunarBear, Scott Guthery, Irmantas Joksas, Leopoldo Silva, Henri Morse, Tiger, Angie at Work, francois meunier, Greg Thatcher, justine waje, Chris Deister, Peng Kuan Soh, Justin Subtle, John Spenceley, Gary Manotoc, Mauricio Villalobos B, Max Kaye, Serene Cynic, Yan Babitski, faraz arabi, Marcos Cuellar, Jay Hart, Petteri Korhonen, Safira Wibawa, Matthew Twomey, Adi Shafir, Dablo Escobud, Vivian Pang, Ian Sinclair, doug ritchie, Rod Whelan, Bob Wang, George O, Zephyral, Stefano Angioletti, Sam Searle, Travis Glanzer, Hazman Elias, Alex Sss, saylesma, Jennifer Settle, Anh Minh, Dan Sellers, David H Heinrich, Chris Chia, David Hay, Sandro, Leona, Yan Dubin, Genji, Brian Shaw, neil mclure, Francis Torok, Jeff Page, Stephen Heiner, Peter, Tadas Šubonis, Adam, Antonio, Patrick Alexander, Greg L, Paul Roland Carlos Garcia Cabral, NotThatDan, Diarmuid Kelly, Juanita Lantini, hb, Martin, Julius Schulte, Yixuan Zheng, Greater Fool, Katja K, neosama, Shivani N, HoneyBadger, Hamish Ivey-Law, Ed, Richárd Nagyfi, griffll8, Oliver Sun, Soumnek, Justyna Kolniak, Vasil Papadhimitri, Devin Lunney, Jan Kowalski, Roberta Tsang, Shuo Wang, Joe Mosbacher, Mitchell Blackmore, Cameron Kilgore, Robert B. Cowan, Nora, Rio.r, Rod, George Pennington, Danial Ramzan, Liam, Sergiu Coroi, Nate Perry, Eric Lee, and Yoshinao Kumaga.

[@vicaria119]

I will never be as classy as patric with a fountain pen.

[@danielz2131]

Pat, you are just too good, wise, and just plan-Smart. Thank God for the Irish!

[@God__Emperor_]

This was a great interview. Been awhile since I listened to one I enjoyed this much.

[@mcpaintball]

If Patrick ever connects the dead Cisco phone on his desk, I'm sneaking in and changing his ringtones every night

[@flotsamike]

9 years away from the UK and I'm still surprised when I hear someone use the phrase" to be honest" before giving someone a compliment. I know it's to make clear that the person is not being sarcastic, but I don't think most people notice they're doing it.

[@davidpearn5925]

To be honest (this time) begs the question......... Funny as.

[@God__Emperor_]

My favorite reply to that is "I thought we were being honest this entire time." Can't remember where I first heard it.

[@Velereonics]

actually to be honest is often used to precede sarcasm ... you have to read sarcasm through tone and you can only do that if you are in the same culture

[@whycantibefree]

To be fair, I say it all the time and dont realise I’m doing it.

[@saarangsahasrabudhe8634]

Americans use the phrase: "Can I be real a second?" or "Off-the record" instead.

[@davegreen4681]

Excellent interview Patrick.

[@violarulez]

roaring kitty is actually a sharp guy. his videos about spreadsheets and browser tools are excellent and some of the better educational material on youtube. he's only a meme troll guy to people who don't look closely at things.

[@yokothespacewhale]

Im glad someone drew the scholarly map of how the occupy era led to GameStop. One of the most pernicious GameStop takes I saw were along the lines of “lol we’re more effective than occupy” which, aside from debating the size of beans, was also just more unnecessary generational warfare.

[@yokothespacewhale]

@@skelly0000in the sense a flower is more effective than a bud, sure. No billionaires were making margins on pumping occupy tm stock though

[@notnotkavi]

I remember saying basically that "this seems about as effective as occupy" specifically as a way to criticize them lol

[@parafitality2730]

Been in WSB before 1M and when Pharma Bro Martin was honorary mod - It never had anything to do with occupy until someone decided to say "f the shortsellers". From between $2 - $10 it was all memeing on Keith, Keith doing KZbin analysis and other people supporting when CHWY CEO joined which suggested a change in direction. As much as I hate the "Dumb Money" narrative, the OGs made bank on the public lol

[@NormAppleton]

Nahhh, how many angels on the head of a pin.

[@FuckYourSelf99]

Dan Olson's video 'This Is Financial Advice' covered it too, as did his superb 'Line Goes Up'.

[@admthrawnuru]

I said that the time and I continue to maintain that whatever other silliness happened one effect of the GameStop short squeeze was a market-driven correction to hedge fund manipulation. I consider this a good thing overall

[@Col_Panic]

You are a fantastic interviewer btw! Every one I have seen has been spot on, in every way! Your questions and "leading" of the conversation makes the whole thing flow perfectly while maintaining a tone that demands attention. You tend to have good guests, too. Even your body language voice etc are great! Better than many hosts on network TV imo. Maybe you could be the host of the new YO! MTV Raps Financial show?! Then again, this is already that in spirit. Thanks for the video Yo! I always look forward to your new ones! Stay coolin Holmeskillit!

[@ImpmanPDX]

I've long believed Dave Barry's theory that having a V.E.P (very expensive pen) was one of the sure-fire ways to let people know that you were successful both in business and in life in general. As much as that is very sarcastic: I really like the Hoverpen: Future and am willing to save $150 or so to get one.

[@thomascrew8268]

This interview format worked well.

[@tdylan]

That "selling it short" joke is really good.

[@TheLucanicLord]

I didn't want to laugh but I had no option.

[@mattanderson6672]

Brilliant discussion, thank you both!

[@yiannis.demetriou9696]

Great interview! Thank you both

[@davidtydeman1434]

Patrick has gone casual today. I think this is his gardening outfit 😂😂😂

[@leojohn1615]

its amazing to see how politicized people in the US are on average compared to other countries like the UK definitely felt that in this video. I love the way that Patrick remains somewhat objective despite obviously having his own views makes him much more watchable for people from any side of the aisle

[@ricks5756]

Back in the 1990's I use to believe in online 'free speech'. After running my own IRC and forums for over 25+ years now, I can say that the shear amount of highly toxic cow manure users post needs to be moderated. Anyone who doesn't believe me, go start your own community and do not moderate the chat or forums. I would love to know how long it takes before your group is completely drowned in drama & garbage.

[@Krill_all_health_insuranceCEOs]

I think as long as the boards don't degenerate into total insanity it should remain almost fully uncontrolled. People should feel free to say almost anything, although I agree that some comments go too far, but I want to be careful when it comes to forcefully preventing free communication. Not all ideas are great or positive but only be being able to share one's ideas is there a chance that one can reevaluate themselves at any point. I would rather give other people a chance to honestly react to a negative sentiment thereby giving that person opportunity to possibly change their mind, then simply clamping down. Most drama online will work itself out in a pretty short time period without outside interference. So I do oppose most moderation because I've never felt it ever helped me have a more enriching online experience than I would otherwise without someone trying to control my words, or the words of others. If I feel someone is way out of bounds I'd prefer the right to tell them so, or at least report them, then someone preventing us from speaking. Disagreements and debates can be just as valuable as calm conversations where everyone feels the same way. Moderation really bothers me because it's someone else taking away my right to say what's on my mind, or react to those of others. Its not like I can't leave the space if I feel it's no longer worthwhile for me. So in almost all cases I oppose moderation and speech control. As an adult I don't need others trying to protect my delicate ears or shut me down and I want to hear from those who disagree with as well as agree with me. For 18+ spaces I feel most moderation is either unfair or counterproductive or does a disservice to it's users.

[@flann3884]

Not in my community, maybe you're just bad at running an online community. No, I believe in free speech throughout, whether it's online or in real life. There's no room for negotiation and no "buts" in free speech.

[@deangalvin1977]

You make me laugh. Thank you brother.

[@RockyOutcrop]

Hey Patrick thanks for the video. What book would you recommend for a book club? We are going to be discussing Brent Donnely’s FX book and the mental game of trading by Steven Goldstein next, so far we have covered Market Wizards, Trader Vic and Bellafiore’s Playbook. Feel free to recommend your own books 😅

[@arikaGME]

@rockyoutcrop is the best man for technical analysis in the entire GME community. Definitely worth following.

[@Skepticalcapital]

He has recommended and reviewed Reminiscence of a stock operator and believe he has mentioned education of a speculator.

[@banishedprivateer]

Roaring Kitty didn't cash out and sell... He actually sold some calls he had to exercise the remaining calls and he ended up with his 150,000 shares I think? Either way, it was never posted officially that he sold out or reduced his position, he only sold some options he had.

[@Lordycord_7]

last update was 200K Shares Pre Split

[@bzmiatas]

Surprise! He has a few more than that!

[@jonathanswink2682]

Fantastic interview

[@DK_______]

I lurked on WSB when NVIDIA was $12 and there was massive hype about it. I don't know how many people have held it since back then I know I certainly didn't unfortunately.

[@WasabiJohn]

Let's get Patrick to a million subscribers!!!

[@scotishdude]

amazimg conversation 😊

[@Hamboarding]

A very cool book! Popper really succeeds in pointing out traces of greater societal trends within the online discourse on finance, perfect for me coming from philosophy.

[@Yakuzachris10]

Patrick wouid be perfect for doing a sarcasticly dry review of books NOT to read. I really want to hear is take on current finance influencers and the common book and course scams they always offer.

[@ScottLovenberg]

I was going to upvote, but you're at 137 and 1/137 is the cosmological constant. I didn't want to mess with perfection. So, here's a comment.

[@MathematicsStudent]

1/137 is not the value of the cosmological constant! It's approximately the value of the fine structure constant.

[@ScottLovenberg]

@@MathematicsStudent my bad. You're right. I was shooting from the hip.

[@AngelinaATF]

⁠​⁠@@ScottLovenbergI cannot believe you confused the Cosmo constant w Sommerfield constant (fine-structure) lol‼️😆 I took physics in Chinese & felt blessed every single day that I made it thru that year. I thank god mathematical only has 1 language whilst there are approx. 6500 languages spoken around-the-world!🤣🤣 AND I got a B in physics too as the professor decided to curve the grades‼️😆Thank you Dr. HUANG‼️🤗

[@ScottLovenberg]

@@AngelinaATF you would be amazed at what you get wrong twenty years after college. ;)

[@AngelinaATF]

@@ScottLovenberg I was only joking but I have ya beat.😁Try 24 yrs‼️😆 I think I’ve forgotten nearly everything from Physics as I was so overwhelmed w the language barrier. I think we had only 15 kids in the class & I was the only female. (University of Hawaii). I’m ashamed to say I used to paint my nails 💅in Biochemistry lectures & again, I was only female in the class & definitely only person not-Asian. Those boys used to watch me w such confusion, probably wondering how the heck I passed the classes lol. Truth is we had great professors bc who doesn’t want to live in Hawaii (esp back in the day!) so most were Ivy-league and gave us an abundance of time/knowledge. I was just very young (to explain the 💅😆). I did go on to finish my doctorate but I had to go to a diff state bc they didn’t have my major😪. I do regret leaving Hawaii.🌴🌺🌸🌺⛰️🏖️🌋It was 💫magical. ✨

[@anonymous.youtuber]

The hover pen is a must have for any spin doctor !

[@alexy2510]

I love these interviews. Patrick has a great skill in bringing out the deeper points from the works and clearly understands both the subject and authors perspect, unlike so many interviewers. I bought number go up after his interview with Zeke Faux, ill probably buy this one too because this guy clearly understands why the subject is interesting unlike that hack ben mezerick

[@kylebowles9820]

I had to finish binging old videos before hopping over to the new one

[@TheHumbleThinker]

Very professional style of interviewing the person.

[@zetaconvex1987]

Patrick's wife: Oh, it's a pen. Boy did I get that one wrong.

[@alsoknownasMaSTeR]

Need to balance the audio, Patrick! I could barely hear your guest! Great content as usual!

[@homelessinvestor2000]

Great discussion guys.

[@LynnnnnnnnnN]

Love your videos Patrick!!! 😎

[@LuisRomeroLopez]

13.25 "Not the right cat... " 😆

[@MorrisFilmPhoto]

Great ⭐️ Interview ⭐️ Thanks

[@_sh1123]

Thank you both!

[@kyleinpa5285]

Good timing for this video Patrick! I just bought some GME this morning 😎🔥

[@_tubes_]

Great interview! Which of your books would you recommend for a book club?

[@robertbelton7635]

I am not a cat

[@vaporisedair4919]

*opens can of tuna*

[@crazyyy9713]

​@vaporisedair4919 yumm

[@chuckenergy]

the way the wiggling pen got all my attention...

[@beckysam3913]

😂😂😂😂 that filter

[@saucdfoodcart4639]

I missed the stream, surprised he didn't talk about LPSN

[@bmjshadow9145]

Hey I know u

[@crazyyy9713]

Hey i know u ​@@bmjshadow9145

[@darthinsanitus8510]

Synapse and Yotta collapse…I think a crazy fintech story is right up your alley

[@windowdoog]

Disappointing how little time was devoted to ornamental gourd futures.

[@theoneandonlysoslappy]

Great interview. Seems like a great read

[@vitorschroederdosanjos6539]

That pen looks so cool

[@FidesAla]

Take a drink every time they say “community”, because anything is okay as long as you do it in a “community”.

[@yuglesstube]

Excellent!

[@goodversusevilcontinues12]

EXCELLENT, WILL PURCHASE BOOK.

[@staninjapan07]

Thanks. This was interesting from the point of view of a non-trader who knows very little about the mechanics of trading but who can appreciate a human story... and a stick it to the big man story, too.

[@roc7880]

the madness of mobs or the wisdom of crowds? this is the question.

[@Ikaros23]

Just remember that i will stay irrational longer than you will stay solvent 😂

[@gordongekko2781]

I find it fascinating how everyone focuses on the big winners in this situation - the few guys who made millions. But, no one ever acknowledges that this was a zero sum game from the start. The stocks did crash back down. That means for every millionaire that was created, there were literally THOUSANDS of people who lost their money on these plays. And the fact is had those people simply bought an index fund and sat on it this whole time, then they would be ahead right now.

[@Pdub_Productions]

Not sure you actually understand what the point was. 8 hedge funds shorted around 140% of the float. They lost billions of dollars covering their shorts. Robin Hood, for whatever reason, disallow buying the stock which caused panic selling, which i allowed seven of those hedge funds to cover their contracts. The vast majority of the money that was lost came from those hedge funds. Initially, the people who invested, when they were on Stocktwits, did so because of fundamentals. Once they got to WSB, it was a parent that it was going to be possible to force a short squeeze. The point was to cause pain to the hedge funds. Everybody knows. Many of the people would’ve been better off if they just stuck with ETFs, but that was not the point of the exercise.

[@gordongekko2781]

@@Pdub_Productions So, who do you think was left holding all of those shares when it came crashing back down? It wasn't the hedge funds. They were never long the stock. Some retail traders made a bundle, some lost a bundle, some hedgies also lost a fortune, and some hedgies made their money back in the crash that followed. In the end it was a zero sum game, because the company isn't actually creating wealth. In reality the company is losing money. All of this is just a shell game. But, it's off to the races again, so it'll be entertaining to see where it peaks this time before inevitably crashing back down again.

[@JohnTaylor-ts8wk]

Interesting. Good interview.

[@MC-vd8cw]

Roaring Kitty just posted on reddit as I'm watching this lol crazy. It might be time for Round 2??

[@danielbomgaars1008]

Super interesting. Gonna read this one

[@diogonunes1608]

13:26 Wait a second... That's not the cat either!

[@AC_Trades]

@rockyoutcrop would have been ideal for this conversation

[@RockyOutcrop]

Cheers! 🥂

[@ElJefeDeJefe]

The best

[@christiaanbronkhorst4614]

I'm really sorry, but the sponsorship is ridiculous. These magnetic pens have been a fan favourite of pharmaceutical reps since the 2000s. Tacky and poor value for money.

[@ameliag8574]

i’ll take it over betterhelp tbh

[@gigitrix]

@@ameliag8574this. It's a gadget that does a thing, take it or leave it. It's not a scam or going to do any harm

[@markcarey67]

It's hilarious - more of Patrick's dry humour - creators get approached by sponsors and they can choose which episodes to put those ad reads in as long as the sponsor doesn't object so he puts it in one about the "Trolls of Walls Street" which is a play on Wolf of Wall Street where famously in the movie Leo as Jordan Belfort is insisting that his trainees "Sell me this pen"

[@davec8921]

It's a legit product, you can choose not to buy it

[@NormAppleton]

pharmaceutical reps would be a huge porn search term if they could spell.

[@Darkcoffeee]

learning about robinhood halting trading of gamestop was ironically one of the things that motivated me to learn about the stock market to begin with.

[@MScottBlalock]

"To be honest", I love your dry humor. You make me laugh all the time. If the Hello Kitty with the pic of Garfield the cat was on purpose, then kudos. If it was a mistake, I think it is almost as funny. Love your content. PS, I see you writing with a fountain pen.

[@samalbrecht356]

Robinhood advertisement right after they finished talking about Robinhoods failures was great timing on KZbins part

[@pcnetworx1]

A few issues though with the recent rally allegedly fueled by Keith Gill... The options ramp started building two weeks before "he" allegedly came back to twitter. Gamestop started noticeably running on a Friday evening, even though RoaringKitty didnt post until Sunday evening. As of June 1, why is there enormous options activity on the chain going on at the $20 strike price for June 21. I mean, someone is picking up millions of dollars worth if options daily with regular purchases in 15 minute intervals. This aint retail traders. And there is much, much more nuance and strangeness going on here. I think the KZbinr Richard Newton with his recent video series "The Grand Unified Theory" of gamestop is closer to the truth of what is currently happening.

[@NormAppleton]

Easiest way to know it's not organic retail buys or dumps is to see the spikes in volume. Like DJT 4k,4k,4k,80k,4k As much as the big holders try, they can't hide it. I have a question for y'all. When Cathie Wood wants to be taken more seriously, does she wear thicker glasses?

[@Shawnjohson1608]

Gme wasn’t the play it was FFIE. FFIE was shorted more than 100% and people didn’t notice until Kieth gill posted.

[@captainleisuresuit]

Hell yeah, dig it

[@jeez5735]

Saw his stream today and hes back. Roaring Kitty was definitely leas bullish back in 2020-1 but i think its fair for people to change over time.

[@AngelinaATF]

Now I HAVE TO read it‼️👏Great video‼️

[@gyromecarter7962]

Am I crazy for thinking the guest looks like Tai Lopez?

[@lv4077]

“Meme stocks”have been around as long as humans have existed.It’s simply humans scrambling not to be left behind.

[@Zuranthus]

no, GS was a true meme stock, it wasn't idiots gambling, swindling or playing the market, it was net users trying to bankrupt shorters for a laugh

[@lv4077]

@@Zuranthus Appears to have worked

[@TheLucanicLord]

40:06 Would it be harsh to suggest that If all you have is $100 you probably shouldn't be putting it into the latest cryptoturd that Mr Beast, Gary Vee and him with the Hapsburg chin are flogging?

[@SeeLasSee]

Well with online gambling and sports betting, stocks with sentimental attachment made sense. Plus the short positions made the squeeze potential seductive.

[@KentoLeoDragon]

I thought it said hoverpans, and I was interested.

[@daddypowder2926]

Nathaniel Popper says DFV quietly sold his shares, yet DFV increased his share count by 25x and posted his latest position on Superstonk. Why is Nathaniel spreading lies?

[@nabicx]

he sold his shares, made his tens of millions and now is looking for yatch money so he bought in again and pumped the stock. for him to have 200M cash on GME he had to sell his stock. idk how baggies fail to get this point also DFV didn't DRS like ya'll. he just likes money, he doesn't care about fUnDeMeNtAlS.

[@daddypowder2926]

@@nabicx Total BS. He has 29M cash, not 200M. "Now looking for yacht money", are you claiming to be a mind reader? He could have easily sold covered calls to make enough to 25x his share position without selling a single share. Go ahead and seethe.

[@Qwairy]

Most wsb gamblers are still losing money, you only see the few that win on their gambles. It's just mass ignorance that as been monetised by grifters and sheer stupidity.

[@stressedpotato7792]

Hope you enjoyed the starship launch patrick! Hope you didn't shed too many tears ;)

[@sprink88]

the pen... it is wobbling...

[@rhythmandacoustics]

I used to watch Wallstreetbets and I can say that out of the 5 million members about 100 regular members are the only ones who are actually good. 100/5000000

[@jeffreyrothstein-i7u]

How about exposing what DJT expenses were for the first quarter loss. Did the company pay the king 1 million salary every week? Rent to a property he owns?

[@parafitality2730]

Lol your guest was waaaay out off his depth researching WSB - this was such a painful listen that I quit halfway

[@Morristown337]

We live in an age where the right person can tweet and or post the right picture and stock go boom (for a short while).Kind of like those starta coins lol

[@ANTREU96]

The best bromance in finance

[@veronicabell6652]

I took my son to GameStop years ago. It is the only emotional trade for me so yes, Roaring Kitty tweets… I am happy to throw 10k in to it. Talk about Pelosi trades next time!

[@statmonster]

I’d be interested in understanding (1) insider trading by bureaucrats and politicians and (2) was there collusion by brokerages, market makers, etc. to support hedge fund traders or at least limit their losses or in larger terms how those with power manipulate the system to profit at the expense of the larger public.

[@ronald3836]

The emotions make up for the financial losses?

[@chattyman4740]

Did Robinhood break, or did they collude to suspended trading due to the relationships/conflict of interest they had to support their liquidity providers? Oh, and who went to Amazon to look at the floating pen! I would love one - but not at £100 😂 Thanks for the great video Patrick - I will be spending £20 on the book.