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  "note": "I've followed Fred Wilson's blog for years and I was curious what he thought about the crazy stuff happening with GameStop. He's more generous than I would have expected.\n\n> The new hedge fund is the Robinhood army self organizing on Reddit. They can move a stock more easily than the largest hedge fund.\n> \n> There will be calls to regulate this “madness.” But it is the same madness we have always had. It is just a different crowd in charge.\n\nI have a hard time thinking of this as a \"changing of the guard\" moment. Nor do I really think of this as \"retail\" investors.\n\nIn my head I think we've always had investors (which Fred self-describes as) and traders. Those two groups work symbiotically in the market. This new thing that we are seeing with highly speculative, or even \"gamed\" assets, is something very different. I think it is best described as \"betters'. So, what does it mean when the world of investors and traders has this new group of betters come in. No one knows, and I guess we will see.",
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