Fund News Advisors Can Use: Peter Mallouk, Mark Cuban Turn Twitter Scuffle Into $2M Bet on Active Management, Crypto Future Creative Planning CEO Peter Mallouk and entrepreneur Mark Cuban make a big bet on crypto, Amazon and Netflix versus the S&P 500; Nottingham gets approval for mutual fund-to-ETF conversion; and CI Global launches an Ethereum mutual fund.
Peter Mallouk, CEO of registered investment advisor Creative Planning, challenged billionaire entrepreneur Mark Cuban on Twitter this week, arguing that holding a diversified basket of stocks, such as the S&P 500, was a better long-term investing strategy than holding cryptocurrencies or a handful of high-conviction stocks over the long term.