What would Warren Buffett make of this stock market silly season? He's already told us

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 80%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Tom Bradley: As the Sage of Omaha says — \u0027the dumbest reason in the world to buy a stock is because it’s going up\u0027

Be fearful when others are greedyThere’s been a surge of discount brokerage account openings. Firms can’t keep up and worse yet, are having trouble servicing their existing clients. More recently, bitcoin dealers have joined the party. Mr. Buffett’s insight:Article content

For financial educators like me, this newfound interest in investing is overdue, but unfortunately, it’s mostly being fuelled by low cost trading and an insatiable appetite for risk. This combination has led to heavy trading in riskier stocks and increased use of leverage, options, and derivatives. Mr. Buffett’s words:

“Derivatives are like sex. It’s not who we’re sleeping with, it’s who they’re sleeping with that’s the problem.”Herd mentality is running strong right now . Over many decades, Mr. Buffett has enhanced his reputation and wealth by zigging when others are zagging.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines