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I like the article, but for the author to say they’ve ‘mastered’ the markets at 23 is just laughable. He’s doing a higher level of /biz/ trading which is essent
by joeman1000 5y ago
I like the article, but for the author to say they’ve ‘mastered’ the markets at 23 is just laughable. He’s doing a higher level of /biz/ trading which is essentially betting based on memes and sentiment. This is gambling. Anything other than value investing is gambling.
- intherdfield 5y agoHe didn't mean that literally. It's a tongue in cheek way of saying "when you're a 23 year old and you think you've mastered the markets, you don't think about wealth preservation." Original quote: "When you have mastered the market at 23 years old, and you're up 6000% in less than a year, you don't think about wealth preservation."