THE INSIDER’S GAME
As the apex predators of capitalism, hedge funds are accustomed to raking in billions by driving companies into the ground and feasting on the carcasses.
So there was widespread satisfaction last week when members of an online discussion group called WallStreetBets started beating the Wall Street bully boys at their own game. “The only way to beat a rigged game,” one WallStreetBets leader said, “is to rig it even harder.”
All this outsider army needed to win was the continued ability to communicate with each other online, and their collective ability to keep piling into the “Buy” side of the trade. Within hours, they would be hobbled on the first front and crippled on the second. Welcome to the Insider’s Game – but reality is, the insiders are terrified by the outsiders.











