"To go and day trade and think that you are investing, that's what I think is absolutely wrong and is likely to be simply disastrous for people," the Princeton economist and author of a "A Random Walk Down Wall Street" said.
Malkiel also said that index funds aren't leading to smaller companies being neglected, and central-bank stimulus has boosted stock prices.
stoolpresidente get ‘em
Gambling addicts cannot understand this
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