# Wall Street Bets on The No Agenda Show

Wall Street Bets comes up in 3 chapters across 3 episodes of The No Agenda Show, from January 2021 to February 2021.

- **Chapters:** 3
- **Episodes:** 3
- **Discussed:** January 2021 – February 2021
- **Related topics:** [Hedge Funds](https://search.noagendashow.net/topic/hedge-funds.md), [Bitcoin](https://search.noagendashow.net/topic/bitcoin.md), [Depression](https://search.noagendashow.net/topic/depression.md), [Enron](https://search.noagendashow.net/topic/enron.md), [Gamestop](https://search.noagendashow.net/topic/gamestop.md), [Millennials](https://search.noagendashow.net/topic/millennials.md), [Privatization](https://search.noagendashow.net/topic/privatization.md), [Reddit](https://search.noagendashow.net/topic/reddit.md), [Scarcity](https://search.noagendashow.net/topic/scarcity.md), [Scott Galloway](https://search.noagendashow.net/topic/scott-galloway.md)

## Chapters 1–3 of 3

### Enron Tactics, Hedge Funds and Public Utility Privatization

- **Episode:** [1322: Dark Fate](https://search.noagendashow.net/episode/1322-dark-fate.md)
- **Published:** 2021-02-18
- **Time:** 33:13–38:15
- **Transcript:** https://search.noagendashow.net/episode/1322-dark-fate/chapter/enron-tactics-hedge-funds-and-public-utility-privatization.md

The Texas energy market is compared to a stock exchange where hedge funds and traders flip energy contracts multiple times in minutes to maximize profit. Allegations are made that the Enron model of "scheduling outages" to create false scarcity has permeated the entire U.S. grid. Critics argue that privatization of public utilities has failed, as middlemen prioritize financial rewards over the physical stability of the power supply.

Keywords: [enron](https://search.noagendashow.net/topic/enron.md), [wall street bets](https://search.noagendashow.net/topic/wall-street-bets.md), [hedge funds](https://search.noagendashow.net/topic/hedge-funds.md), [privatization](https://search.noagendashow.net/topic/privatization.md), [scarcity](https://search.noagendashow.net/topic/scarcity.md), dtcc

### Scott Galloway on Human Capital Destruction

- **Episode:** [1318: Jab and Go](https://search.noagendashow.net/episode/1318-jab-and-go.md)
- **Published:** 2021-02-04
- **Time:** 2:39:00–2:42:48
- **Transcript:** https://search.noagendashow.net/episode/1318-jab-and-go/chapter/scott-galloway-on-human-capital-destruction.md

Professor Scott Galloway argued that the real tragedy of the "Wall Street Bets" movement is the destruction of human capital among young men who spend hours staring at stock apps. He compared this to the explosion of depression and self-harm among young women addicted to Instagram. The hosts draw a parallel between the "hopelessness" of young men gambling on stocks and young women engaging in extreme sexual behavior.

Keywords: [scott galloway](https://search.noagendashow.net/topic/scott-galloway.md), [wall street bets](https://search.noagendashow.net/topic/wall-street-bets.md), [bitcoin](https://search.noagendashow.net/topic/bitcoin.md), [depression](https://search.noagendashow.net/topic/depression.md), [millennials](https://search.noagendashow.net/topic/millennials.md)

### Wall Street Hedge Funds, Reddit Coordination War

- **Episode:** [1316: Mark of the Mask](https://search.noagendashow.net/episode/1316-mark-of-the-mask.md)
- **Published:** 2021-01-28
- **Time:** 5:29–10:06
- **Transcript:** https://search.noagendashow.net/episode/1316-mark-of-the-mask/chapter/wall-street-hedge-funds-reddit-coordination-war.md

Hedge funds faced a massive short squeeze on GameStop stock, which was reportedly shorted at 140% of available shares. Retail investors coordinated through Reddit and Telegram to drive the price up, causing multi-billion dollar losses for institutional investors. The volatility saw the stock price fluctuate between $150 and $500 as hedge funds were forced to liquidate other positions to cover their shorts.

Keywords: [gamestop](https://search.noagendashow.net/topic/gamestop.md), [hedge funds](https://search.noagendashow.net/topic/hedge-funds.md), [reddit](https://search.noagendashow.net/topic/reddit.md), [wall street bets](https://search.noagendashow.net/topic/wall-street-bets.md), [short squeeze](https://search.noagendashow.net/topic/short-squeeze.md)

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