There was interesting research published called "Democratization of Retail Trading".
That did a study on 1.6 Million $Reddit(RDDT.US) WSB comments. and found: 1. "WSB outperformed almost all investment banks at detecting top-performing stocks."2. "Their average returns compete with the best investment banks and outperform them in certain cases."Their conclusion? "We conclude that WSB may indeed constitute a freely accessible, valuable source of investment advice."I do find WSB is really early to names like $Rocket Lab(RKLB.US), $Robinhood(HOOD.US), and others, but often get timing extremely wrong (with options). I think X is where all the alpha is at nowadays.
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