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

By IRB Media

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.

• Language: English
• Publisher: IRB Media
• Release date: Mar 3, 2022
• ISBN: 9781669355472

IRB Media

With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

Book preview

Insights on Spencer Jakab's The Revolution That Wasn't

Contents

Insights from Chapter 1

Insights from Chapter 2

Insights from Chapter 3

Insights from Chapter 4

Insights from Chapter 5

Insights from Chapter 6

Insights from Chapter 7

Insights from Chapter 8

Insights from Chapter 9

Insights from Chapter 10

Insights from Chapter 11

Insights from Chapter 12

Insights from Chapter 13

Insights from Chapter 14

Insights from Chapter 15

Insights from Chapter 16

Insights from Chapter 17

Insights from Chapter 18

Insights from Chapter 19

Insights from Chapter 20

Insights from Chapter 21

Insights from Chapter 22

Insights from Chapter 23

Insights from Chapter 1

#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.

#5

Hedge fund managers are supposed to have an edge, but this hasn’t always been the case. For example, the performance of Melvin Capital, a hedge fund run by Cohen and Plotkin, wasn’t that different from the market overall.

#6

Ken Griffin, the founder of the hedge fund Citadel, was the most influential person to testify at the hearing. He had made