We’re in a ‘Kids Market,’ so Don’t Give up on Value Strategies

Here’s yet another sign that the bull market is getting long in the tooth: “Older” and “wiser” investors are being dismissed as hopelessly old-fashioned, while those young enough to have never experienced a major bear market are making a killing.

There is no shortage of examples, but a perfect illustration is a comment attributed to David Portnoy in the summer of 2020. Portnoy, of course, is the internet celebrity and founder of Barstool Sports. After reportedly producing a day-trading profit of close to $5 million in just two months’ time, he said: “I’m sure Warren Buffett is a great guy but when it comes to stocks he is washed up.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *