EXCELSIOR CAPITAL PRESENTS

The Revolution That Wasn't

How has technology impacted modern finance and created an asymmetrical relationship between Wall Street and individual investors? In this episode, we speak with Spencer Jakab, the author of The Revolution That Wasn’t and editor of the Wall Street Journal’s Heard on the Street column.
Go Beyond Marketing and Create a Better Customer Experience

Podcast: The Revolution That Wasn’t

How has technology impacted modern finance and created an asymmetrical relationship between Wall Street and individual investors? In this episode, we speak with Spencer Jakab, the author of The Revolution That Wasn’t and editor of the Wall Street Journal’s Heard on the Street column. Spencer dives into the differences between Wall Street and a casino, outlines the risks of being an active investor on Wall Street, and looks at how technology has created an environment where trading stocks is no longer expensive. He emphasizes the importance of long-term investing with tools such as index funds or compound interest to build wealth without playing ‘the game’.

Key Highlights

[00:01 – 07:00] Opening Segment

  • From Wall Street Trader to Financial Journalist: Spencer Jacob’s Journey
  • How he learned about finance and got a job in emerging markets
  • Introducing The Revolution That Wasn’t

[07:01 – 13:40] Examining the GameStop Revolution

  • How the pandemic provided Spencer an excellent opportunity to start a side project
  • The genesis of the book
  • The GameStop stock surge
  • The initial headlines about the GameStop surge

[13:41 – 20:37] Exploring the ‘Meme Stock’ Phenomenon

  • The story about meme stocks
  • Meme stocks went way beyond their fundamental value
  • Examining the meme stock squeeze
  • Short selling is a legitimate practice where people bet against stocks without owning them

[20:38 – 27:44] Wall Street: Not a Casino, But a Place to Build Wealth

  • Young Reddit traders made money, but they were net contributors to already rich people
  • Wall Street is mainly made up of intermediaries who are not taking risks with their own money
  • Wall Street is not a casino, but it can be marketed as one
  • The correlation between the level of activity and returns

[27:45 – 35:01] The Revolution That Wasn’t

  • Trading used to be expensive, but technological change has democratized finance
  • The “zero price effect.”
  • People consume more of something when it is free
  • The pandemic caused record volatility in the stock market, leading to an increase in trading activity

[35:02 – 42:16] The Missed Opportunity

  • From the bear market low to one year after, 96% of American stocks rose
  • Stocks that were popular in Robinhood did better than more established stocks
  • The credibility of older, wiser investors vs. the success of younger, social media-savvy investors
  • The gamification of investing

[42:17 – 52:20] Closing Segment

  • How to beat Wall Street and participate without playing the game
  • Technology has lowered the cost of investing, allowing for more market participants
  • Wall Street can be a place to build wealth over the decades with the right approach.

Additional Links:

Brian’s Linkedin: https://www.linkedin.com/in/brian-c-adams/

Previous Articles

the-ultimate-guide-to-commercial-real-estate-investing

The Ultimate Guide to Commercial Real Estate Investing

Learn everything you need to know to assess the benefits of a commercial real estate investment and make the best decisions to get started.

Tax Planning For Real Estate Investors

Tax Planning Tips for Real Estate Investors

Investing in commercial real estate offers numerous advantages, with a significant one being the potential for substantial tax benefits.

What Is Distressed Real Estate

What Is Distressed Real Estate?

The current real estate market has opened up a unique window of opportunity for investors looking to capitalize on distressed real estate.

Adapting To A New Commercial Real Estate Landscape

Adapting To A New Commercial Real Estate Landscape

Insight for Investors Navigating Today’s Market. In this brief, we’ve identified the biggest challenges faced in commercial real estate this year.

Real Estate Accounting Fundamentals

Real Estate Accounting Fundamentals

Real estate accounting plays a crucial role in the financial management of investment properties, and it’s important to be aware of…

Navigating Investments In An Election Year, Strategies for Consideration

Navigating Investments In An Election Year, Strategies for Consideration

Investing during an election year can feel like a daunting prospect, given the uncertainties and apprehensions that often accompany political transitions.

embracing-distressed-opportunities-in-today's-commercial-real-estate-environment

Embracing Distressed Opportunities in Today’s Commercial Real Estate Environment

A myriad of formidable obstacles has opened up innovative pathways to success.

The Benefits of Infrared Saunas, Red Light Therapy & Cold Plunges

Join us as we sit down with Kristen Nicholson, entrepreneur and owner of Nashville’s first contrast therapy studio, Urban Sweat. Kristen is a healthcare professional with a background in health administration…

Why It Feels Impossible to Keep Up in Today’s Society

In this episode, host Brian Adams sits down with COO Jarrod Arnold to discuss the disconnect between the financial perceptions and realities facing younger generations today.

Excelsior Capital

A real estate private equity firm that owns and operates high quality multi-tenant office assets in emerging secondary markets.

Interested in learning more about Excelsior's investment opportunities?

Excelsior Capital

104 Woodmont Blvd, Suite 120
Nashville, TN 37205

investors@excelsiorgp.com

Disclaimer: Under no circumstances should any information presented on this website be construed as an offer to sell, or solicitation of an offer to purchase any securities or other investments. This website does not contain the information that an investor should consider or evaluate to make a potential investment. Other materials related to investments in entities managed by Excelsior Capital are not available to the general public.

Share This