I think he's saying that people stopped thinking about buying stocks as investments. By that, I mean buying a share of an actual business. Today it's a lot of '

I think he's saying that people stopped thinking about buying stocks as investments. By that, I mean buying a share of an actual business. Today it's a lot of 'oh stock is going up, AI AI AI etc.'. Look up some ARKK research - it's beyond stupid and borderline criminal. At current prices of many companies, you would need to wait 50 years to get your money back, if you would buy the whole business. But since those stocks move 5, 10% per day, and in recent years it was mostly up, people got really greedy - and indeed, the fact that one can trade 0dte options makes it so much easier to gamble. Look up the volumes of those options - it's absolutely mind blowing. Conventional wisdom is that 90% of individual investors are loosing money in the stock market. With options, I bet it's 99.9%.