Spencer Jakab

speaker
981 appearances 14 recordings 1 series first heard Jul 2017 last heard Jun 2021

Spencer Jakab’s voice in public audio — every appearance, attributed to the second.

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Appearances

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And by then, I think only one of his criteria had not been met, which would be very difficult to meet for Bitcoin. voice-verified
Yeah. voice-verified
Just like with tech stocks, right? voice-verified
I mean, I recall many conversations, many questions I got from cab drivers. voice-verified
And that's when I started to really get worried. voice-verified
You know, guys who, not that a cab driver shouldn't be able to invest his or her money into something, but voice-verified
They're driving all day. voice-verified
They're not an expert in the markets. voice-verified
They work very hard for their money. voice-verified
Or just the apocryphal story of the shoeshine boy and Joe Kennedy in 1929. voice-verified
The thing that really scared me then in 1999 and also scared me in 2017 was people would ask you about it. voice-verified
Then I was a stock analyst at the time. voice-verified
I'm a Wall Street Journal investor writer now. voice-verified
I mean, I have voice-verified
purportedly some expertise in this and I'd be very cautious back in 1999 like you know some you know older person who you know maybe like friend of the family who doesn't even know English very well and telling me about buying Lucent and saying listen I really wouldn't put so much of your savings into these stocks as a matter of fact I'd take some of the gains off the table voice-verified
And then they'd start lecturing me because they're such geniuses for having made so much money. voice-verified
And the same thing with Bitcoin. voice-verified
I wrote an investing book in 2016 about how people can become better investors. voice-verified
And over the course of 2017 and even earlier this year, in the course of marketing it, inevitably I'd get a couple of questions about Bitcoin and cryptocurrency. voice-verified
And, you know, from older people who, you know, not that older people can't grasp the technology behind it, but maybe their retirement savings had fallen short or whatever. voice-verified
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