It’s Not Healthy to Have People Buying Stocks for Fun… Apparently
Howard Marks, Billionaire investor laments the day-trading boom and fears the carnage to come. As the likes of Dave Portnoy continue to garner massive interest amongst the Gen-Y/Gen-Xers, low-cost and no-cost brokers like Robinhood and WeBull have seen a veritable explosion in account openings. Aside from the new invstment craze of trading (see: buying) bankrupt stock like Hertz, this new wave of day-trader craziness is, according to Mr Marks, a reminder of the Dot-com boom, which as many recall (although none of the new crop of daytraders are old enough to remember), ended in tears. Read more…………..
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ICARUS TV
Shot in 2019 – Complacency may have crept into the private debt market. An inevitable change in circumstances will put firms to the test, says Oaktree co-chairman Howard Marks in this video.
