In this episode, we discuss what we can all learn about the right ways and the wrong ways to build sustainable wealth in light of the recent GameStop fiasco.

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The GameStop stock price has been on a tear, going wild for the past couple of weeks, increasing value by orders of magnitude. It was all based on a Reddit forum, essentially seeing that the Wall Street gurus were all shorting GameStop. They were shorting it because they thought that GameStop would lose a bunch of value. The company was experiencing a challenging time navigating as a business due to the results of the pandemic. GameStop is a video game retail outlet that mainly lives in malls, a type of retail outlet walloped by the pandemic.

We share our thoughts on the big takeaways from the events.

Topics Discussed:

• The backstory on GameStop, the short-sellers, and Reddit
• What made main street investors deeply want to stick it to Wallstreet
• Exploring what strategies build sustainable wealth and those that don't
• Understanding what examining if a firm produces real value for the market and why that's important
• How to know when you're gambling vs. investing

Episode Resources:

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* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/