A Goldman Sachs trader has taken on one of the big questions in markets this year: why retail investors, who typically capture trends too late, have been beating the pros.
Retail investors are crushing the pros and that’s rarely a good sign. Owen Lamont says “dumb money” wins often mark bubble territory.
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Dumb Money

When Reddit took on Wall Street. ⚡ In 2021, Reddit traders sent GameStop from $20 to $400, and made market history. 📲 Follow @daytrading for daily updates on crypto, stocks, tech, and business. 🎥 Me ...
Last week, I introduced the idea of “dumb” in investing: the tendency for very smart people to do very dumb things with their portfolios. We looked at how emotions can override a well-thought-out plan ...
“A lot of people feel the system is broken,” says Keith Gill, aka Roaring Kitty — the somewhat unlikely protagonist of Craig Gillespie’s pseudo-biopic “Dumb Money” — as played by “The Batman’s” Paul ...
Vanguard once published a study showing that much of an investment adviser’s value lies in keeping clients from doing something dumb. Okay, maybe they said something like “ill-advised.” But “dumb” isn ...
We can safely say that, before this year, 2020 was the most surreal blur in recent history. With COVID raging globally, we were immersed in our secluded bubbles, worried about being updated on ...