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Chamath Palihapitiya says WallStreetBets traders can do the same fundamental analysis as hedge fund manag.. – Business Insider

Palihapitiya told CNBC the 2.7 million users on WallStreetBets are as important to the market as any hedge fund.



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Brendan McDermid/Reuters
Chamath Palihapitiya told CNBC on Wednesday the recent frenzy of trading stemming from Reddit’s WallStreetBets demonstrates that retail investors can do the same quality of analysis as hedge fund managers who “don’t have an edge.” 
The billionaire investor sees a “pushback against the establishment” from retail investors, many of whom watched their parents lose money during the financial crisis while large institutions on Wall Street were bailed out.
Palihapitiya said that…

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