Sept. 20, Christina Sautter, professor of law at Dedman School of Law, SMU Dallas, along with co-author Sergio Alberto Gramitto Ricci (University of Missouri KC), for a piece advocating for retail investors and encouraging them to use their influence by voting their stock. Published in Fox Business under the heading New Hollywood blockbuster depicts a triumph for savvy retail investors but it’s just the beginning: https://tinyurl.com/yx2hb73p
When you watch the movie “Dumb Money,” you realize people now have the unprecedented power to take back the corporate sector. The movie, which opened nationwide Sept. 15, ends with a clear statement: the movement to take on Wall Street has just begun. But the power of the movement goes much further.
The film takes its name from Wall Street’s belittling term for retail investors, who do not have the resources to analyze stocks as do institutional investors. There is nothing dumb about investing money in company shares and then exercising the additional benefit of voting those shares via proxy. That amounts to a retail investor superpower.
