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Monday, August 22, 2022
Dear meme stock community,
I know we’ve had our differences, but hear me out.
I would like to think I understand you all (or most) — since the early days when the movement against “the man” (aka Wall Street) — began with GameStop in 2020.
I get one’s desire to build wealth with little capital to start. I get buying 10 shares of a $5.00 stock and hoping it goes to $25, and how that could be life-changing. I get how the entire investing process seems rigged against someone simply trying to make enough money in the market to send their kid to college. I saw this firsthand back in my analyst days.
I also understand how intoxicating it could be to fall in love with a story…