Reported about 1 year ago
Nathaniel Popper, author of 'The Trolls of Wall Street,' discusses the online trading phenomenon, emphasizing that it has deeper roots than commonly thought. He explains that millions are passionate about the markets, mentioning the meme stock craze as a case study. Popper notes that the phenomenon introduced new investors to the market who eventually diversified their investments, learning from their mistakes and losses over time. He highlights that the retail crowd has generally moved towards smarter investments, reducing the focus on meme stocks. Popper also touches on the retail portfolio's performance, showing that retail investors have often outperformed the S&P 500 in recent years.
Source: YAHOO