The WSJ’s own Spencer Jakab – Research Analyst Turned Journalist on the Revolution that Wasn’t

My special guest today is Spencer Jakab from the Wall Street Journal. After spending a decade at Credit Suisse, Spencer went out and learned journalism on the job. He’s the editor of the Wall Street Journal’s Heard on the Street column, and he recently published The Revolution That Wasn’t. Talk about timely. And Spencer is one of the good guys. We’ve hung out quite a bit – he’s always been supportive of the Stocktwits community and he understands what it’s like to build brand and how hard it is to survive in the financial world. It’s safe to say he’ll be a recurring guest here on Panic. Enjoy the episode.

You can listen to the podcast here on Spotify or Apple podcast and now all the episodes are on my Youtube channel as well. You can click subscribe on any of these channels and get the podcast alert each week.

You can also listen right here on the blog:

More details on the podcast are below…

Guest: Spencer Jakab

Profile: WSJ Heard on the Street

Where to Find Him: Twitter, LinkedIn

What’s Spencer Panicked About?: 

Spencer’s Book: The Revolution That Wasn’t: GameStop, Reddit, and the Fleecing of Small Investors

Show Notes:

• Introduction. (00:40)
• Welcome Spencer. (04:22)
• Working for Rupert Murdoch. (04:43)
• Moving from Research Analyst to Journalist. (06:40)
• Using the Print Edition to spot developing stories and trends.  (08:06)
• The revolution that wasn’t. (11:17)
• Robinhood, Wall Street Bets, and Gambling Culture. (11:52)
• Cornering the Market. (14:50)
• Retail versus ‘The Suits’. (16:23)
• It went down in real time on Twitter. (20:45)
• From immigrant to Columbia. (23:15)
• Bull Market geniuses. (25:27)
• The fintech disruption that wasn’t. (26:36)
• Addressing the retirement crisis. (27:44)
• Painful lessons for young people. (28:20)
• Bit by the gambling bug. (29:21)
• Fear and Greed. (33:42)
• Getting on the financial ladder has never been easier. (37:06)
• Dealing with the old guard. (38:04)
• The need to educate investors. (39:02) 
• It’s all Jesse Livermore 2.0. (41:23)
• SEC should do their job. (43:31)
• Being careful about leverage. (45:01)
• Wrapping it up. (47:21)
• Closing thoughts. (48:34)

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