Younger generations are reshaping the rules and conventions of investing. I can't afford to dismiss them.
Jerry gets up and puts on a pot of coffee. Squawk Box is on the television. They’re bantering about whatever happened on Twitter that morning. Jerry’s not on Twitter. He’s tired of hearing about all the rhetorical twists and turns on the app that are constantly pushing his stocks around. Sports commentators and actors turned venture capitalists are causing gyrations in the value of his retirement portfolio with their online antics.
Remember when stocks traded on fundamentals? Or at least they traded based on people’s perceptions of the fundamentals. What do they trade on today? It was always a popularity contest. Now it’s a three-ring circus.
It makes no sense. Jerry is tired.
Submitted June 03, 2021 at 09:21AM by wedtexas https://ift.tt/2SadZIB
