The WSJ's own Spencer Jakab - Research Analyst Turned Journalist on the Revolution that Wasn't (EP.206)
Play • 51 min

My special guest today is Spencer Jakab from the Wall Street Journal – I say special because I’m doing something I rarely do – talking about stuff that’s fascinating to me. Normally I’m fascinated by the people, but don’t understand half the stuff we talk about because I’m learning; whether it’s crypto or trading. This episode is near and dear to my heart because we’ve got a true journalist on the show, not because he went to journalism school, but because 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. And Spencer is one of the good guys. We’ve hung out quite a bit – he’s always been supportive of 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. 

Guest - Spencer Jakab, Journalist and Author of the book “The Revolution That Wasn’t” 

howardlindzon.com, spencerjakab.com/buy-my-book

Twitter: @howardlindzon, @PanicwFriends, @Spencerjakab, @knutjensen 

spencer.jakab@wjs.com 

linkedin.com/in/spencer-jakab-43b635b

#fintech #invest #investment #venturecapital #stockmarket #finance 

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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