Part 4/9:
Diving further into retail trading, the episode addresses the resurgence of degeneracy among amateur traders, who embrace high-risk, whimsical trading strategies. Described in a Wall Street Journal article, degenerates use a self-deprecating term indicating a willingness to make low-probability, high-reward bets. The current climate reflects a shift back to speculative investments, a behavior previously thought to have waned post-2022 market downturns.