#143: Game Stop, Robinhood and the Merrymen of Reddit - What actually happened?

The GameStop short took many by surprise and brought the world of
short selling into the mainstream. Join us for this in-depth
panel moderated by Eric Schleien of the Intelligent Investing
Podcast with Jake McClure of The Personal Wealth Coach Podcast
and Rick Bloom from Rick Bloom Talks Money on the nuances of what
actually happened, and how all the pieces fit together.
Eric Schleien's Book

Thank you for supporting the podcast. My new book, Principles of
Power, is now on Amazon. I would be incredibly grateful and
humbled for a purchase with an honest review.
About Principles of Power

"Principles of Power can be related to as an advanced Coaching
Handbook for Leaders. 
If you are a leader, an aspiring leader, a
coach, consultant, or program facilitator, this book is designed
for you. The material is delivered inside of a modern leadership
context of service and contribution. 
Eric features many
partnerships in Principles of Power. His inclusion of useful
quotes from Warren Buffett, Charlie Munger, Werner Erhard, Nassim
Taleb, Seth Godin, and many other leaders attests to the thinking
and the research that went into the writing of this book. 
It is
now undeniable that the understanding and implementation of
powerful Listening, authentic Relationship, and a recognizable
Permission to Lead, are cardinal distinctions of effective
leadership. 
The word, ’cardinal’ has a Latin root and means
‘hinge’ – like a hinge on a gate. So, like a hinge, cardinal
distinctions are connected to every nuance of leadership. You
will see these distinctions in action in the background of Eric’s
many leadership conversations. 
Authentic Relationship, for
example, is essential to the effectiveness and empowerment of the
participants and the leader. If authentic Relationship is
missing, any outcome or result devolves to the result of
domination or force, and is not an outcome of effective
leadership.
Consider this: Leadership is granted by the
permission of those being led. Take a moment and allow that to
sink in. The job of the leader is that of an environmentalist,
providing the space for people to collaborate, flourish, and
create. These two different activities, management and leadership
are often commingled, especially in business schools and in the
workplace. They are distinct and operate under different rules
and measures. It’s like Checkers and Chess – Same game board,
different games with different rules and outcomes.
Disentangling
and distinguishing the two arenas of activity grants power to
both managers and leaders.
 So, the fundamental exercise of
listening for people’s greatness is in the background of every
sentence in this book. And there is much more…
Principles of
Power is strongly influenced by the transformational work of
Werner Erhard. Much of the author’s thinking is also grounded in
the classic distinctions of Tribal Leadership and the thinking of
Warren Buffett and his partner, Charlie Munger. 
Those, plus
Eric’s own extensive practical experience renders Principles of
Power to be an extremely useful ‘go-to’ resource, filled with
useful, implementable information, sprinkled liberally with
memorable quotations from intelligent diverse sources – all apt
and worth adding to YOUR leadership lexicon." - John King,
co-author of Tribal Leadership
Other Resources

Eric Schleien discussing GME Puts

Eric Schleien discussing why he hates shorting stocks - GME

Finance Podcast Week

About Eric Schleien

Over the past decade, Eric has trained thousands of individuals
including board members of public companies and Fortune 500 CEOs.
Eric specializes in organizational culture and has become a
leading authority on organizational culture in the investment
industry.


Eric has been featured in The Wall Street Journal, GuruFocus, and
was featured in Warren Buffett’s Biography, “Of Permanent Value.”
Eric is also a certified Tribal Leadership consultant with over a
decade’s worth of experience in the field of transformational
coaching. Since 2012, Eric has specialized in producing
breakthroughs at the level of organization. He’s also the
co-creator of the Udemy course, Leadership By Design. Eric also
hosts The Intelligent Investing Podcast which is a business/value
investing podcast.


Eric loves interviewing interesting people and has interviewed
Warren Buffett’s son, Peter Buffett, Jimmy Fallon, and former
adult film star, Bree Olson as well as over 100 interviews on his
podcast.


Eric currently serves as the Chief Executive Officer of Granite
State Capital Management, LLC and runs a real estate investment
and consulting firm, Wyoming Warehousing & Safe Deposit
Company.
About Jake McClure

Jake McClure has been working with his father and partner, Jeff
in finance since January of 1991. In 2010 he completed business
studies for his designation as Certified Investment Management
Analyst at The Wharton School, University of Pennsylvania. In
2007 In concert with Jeff, he founded an objective, fee-based
fiduciary service in The Personal Wealth Coach, an SEC Registered
Investment Advisory Firm.


Jake is married to Alissa, a cellist, and a world traveler. They
have two children. Jake is also a successful artist, having been
commissioned by the Austin Ballet’s BATS to create the 2011
annual Long Award, and has had showings of his artwork in many
public places. Jake has also given musical business advice to
several major recording labels and production companies. His
passion lies in finding the links between economics, art, and
music, then defining those links in the lives of his clients.


 
About Rick Bloom 

Rick is a partner and co-founder of Bloom Advisors and the law
firm of Bloom, Bloom & Associates. He is a licensed attorney,
certified public accountant (CPA), and financial advisor.
Additionally, Rick holds the Series 65 license.


Rick currently hosts the podcast "Rick Bloom Talks Money" and
writes a weekly financial column in the Observer & Eccentric
Newspapers. He served as host of the popular “Money Talk” radio
show on WXYT-AM 1270 and the “Rick Bloom Show” on WDTK-AM 1400.


Rick was a featured writer of regular financial columns for the
Detroit News and Oakland Press and also aired twice-daily
business updates on the Michigan Radio Network. He has been
recognized by a variety of esteemed financial publications and
has been named a top financial advisor for several years. He has
presented at conferences and given speeches to hundreds of
business and civic organizations throughout his career and has
made appearances on both radio and television. Rick is a member
of the Fidelity Investment Financial Advisory Council.


Rick is an honors graduate of both Michigan State University and
the University of Michigan Law School.
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CONTACT ERIC SCHLEIEN

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Email: IntelligentInvesting@gmail.com