Online trading culture deferred consumption and enjoyment to an indefinite future
Evidence
The protagonists in The Wolf of Wall Street spend their ill-procured dollars on sex, drugs, and menace for the audience’s vicarious pleasure. The characters in Dumb Money spend their time staring at expanding zeros in their accounts but never use the money to do anything glamorous or even practical. Online trading culture revolved around holding at all costs—“diamond hands.” All the fun was postponed for the future. “Wen Lambo?” they asked longingly. — W. David Marx, Blank Space, 739
Categorization
Category: Contrarian or Surprising Claims
- DEFINE: Defines ‘diamond hands’ and the ‘Wen Lambo?’ meme as the signature posture of online trading culture.