Cole Knowlden, Kenyon Adamcik, and Kwamin Marshall are three comics who explore bad self-help advice and then try to use in their own lives

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Wallstreetbets

December 10, 2018

Show Notes:

This week we gave Kwamin 50$ and a stock account to see if he could make some money following the advice of reddit wallstreetbets. Self described as “like 4chan found a Bloomberg terminal,” r/wallstreetbets actively celebrates and finds hilarity in the monetary losses of its other users. We go into Kwamin’s financial background and find his entire knowledge of financial markets comes from the movie “Wolf of Wall Street,” which means he’ll fit right in at wallstreetbets. We put 50 dollars in a Robinhood and tell him to browse the subreddit and tell us the trades to execute. One week later…

Kwamin chooses to invest in ADMP, a biotech stock that was expected to pass an FDA approval for a new drug and shoot up afterwards (according to wallstreetbets.) It did pass FDA approval but the stock goes down 20% in a day, wiping out a fifth of Kwamin's investment. The stock was then sued by individual investors mad at losing all their money. Subscribe, Rate, and Review on iTunes - Link Follow us on Twitter, Instagram, or Facebook