Kass: Move Over Reddit/WallStreetBets, There s a New Kid on the Block! I have a solution how to get rich in 2021! It s all about books.
I call B.S. to the wanton speculation that has consumed our markets.
In my decades of investing experience I have not seen such mindless and uniformed speculation as I have witnessed recently. Indeed, in nominal dollar terms (and let by retail traders, see chart below) it is far in excess of the dot.com boom.
The Bible says ( pride goes before destruction, a haughty spirit before a fall.
And William Shakespeare warned that dreams are the children of an idle brain, begot of nothing but vain fantasy.