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Summary of Spencer Jakab's The Revolution That Wasn't

EISBN: 1669355470 ;EISBN: 9781669355472 ;OCLC: 1305842230

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  • Title:
    Summary of Spencer Jakab's The Revolution That Wasn't
  • Author: Media, IRB
  • Subjects: Investments ; Stock exchanges ; Stocks
  • Description: Please note: This is a companion version & not the original book. Book Preview: #1 In 2021, a financial wellness expert named Keith Patrick Gill testified before Congress about the dangers of the stock market. He had become rich by betting on the stock of a single company, and he had modern social media and trading apps to thank for it.#2 The hearing was a solution in search of a problem. It was a missed opportunity to expose how a hugely profitable business makes its money from the savings of novice investors. For decades, Americans have been forced to navigate a confusing maze of slick marketing messages from companies seeking to help them invest their money.#3 The committee hearing was to check how much of the stock market's return was going to the public, and how some of the men testifying that day had become rich. But Americans are largely on their own when it comes to financing retirement and education.#4 The financial crisis made hedge fund managers like Gabriel Plotkin, founder and chief investment officer of Melvin Capital Management, out to be cartoon villains. He made part of his money by betting certain stocks would fall, and he was caught up in a securities fraud investigation.
  • Publisher: US: IRB
  • Creation Date: 2022
  • Format: 56
  • Language: English
  • Identifier: EISBN: 1669355470
    EISBN: 9781669355472
    OCLC: 1305842230
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