In this episode, we discuss "Roaring Kitty" aka Keith Gill and the most recent GameStop (GME) frenzy. We talk about the implications of such market maneuvers and why staying true to sound investment principles is more important than ever in these turbulent times.
**Episode Update:** Following our recording, Keith Gill held a livestream that briefly sent GameStop shares soaring by nearly 50%, before a sharp decline. Gill revealed a substantial $180 million position in the stock (both call options and stock positions)sparking yet another wave of speculative trading. The livestream was highly anticipated but started late and sources say that Gill appeared unconvincing and after the livestream GameStop shares has declined significantly.
Books mentioned in this episode: Howard Marks, “The Most Important Thing”.
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