The Navigator
Judgement in the fog, money, risk and the call others cannot make.
Spencer Jakab reads markets the way a seasoned pilot reads turbulence, not to alarm but to orient, which is why he registers as The Navigator.
“And I think. I think about the good bosses that I've had, and very much about him, about what they were like with me and how to be decent to people, how to get people excited, how to make people really love coming into work. I mean, I loved working for him.”
“Exactly. Yeah. That would be the smarter thing to do. Not that their customers always did the smarter thing, but we'll get into that later. But yeah, so in late 2019, every other broker said, well, screw this. If you can't beat them, then join them.”
“Exactly. Sorry. Yeah. But he was not totally unknown then. And he stopped doing those videos. And yeah, exactly. So people were very curious. It was probably one of the more watched. Congressional hearings, you know, because of him, really. And he got asked the fewest questions, or almost the fewest questions.”
“Do something hopefully good. Yeah, so they, I mean, I'm not holding short sellers up as like a paragon of virtue there. Out there on Wall Street, they're trying to make money. That's the free market. They're out there. They're playing a very dangerous game.”
Masters in Business: “Spencer Jakab on the Death of Meme Stocks”
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