>Most of them are basically gambling, not investing. You talk to enough of them, they can’t tell why a stock goes up or down. To be fair, that's all of retail

>Most of them are basically gambling, not investing. You talk to enough of them, they can’t tell why a stock goes up or down. To be fair, that's all of retail trading. Unless you are buying and holding a fund, then any sort of trading is gambling. The talking heads on CNBC are just as insightful as the kids on /r/wallstreetbets.