02-13-2021, 10:02 AM
(02-13-2021, 07:50 AM)ken-do-nim Wrote: Sigh. Investing isn't supposed to be gambling (or, at least, no more than 5% of your portfolio). Seems like each generation has to learn this all over again.Yup. I got my face torn off in the 2000 tech bubble. What I was doing was NOTHING like what these kids are doing. I was investing in very profitable companies that were sporting high PE's. Earnings pulled back to half and I had already paid 3X too much for previous earnings.
Today is gambling on steroids for some.