Replies to post #217940 on DD Support Board and Research Team

[janice shell]

I'd love to see an academic study on that.

I would not. Academic studies of what people do in real life--things the academics in question have NOT done--tend to suck bigtime. If you don't believe me, got read the piece of idiocy Joshua Mitts turned out, based on his reading of Seeking Alpha.

[janice shell]

Buy meme or fad rubbish and lose it all in a flash, while learning nothing.

Not exactly. Many of the meme stock players actually made quite a lot of money on the GME squeeze. Same for AMC, though it wasn't as profitable. In any case, for a variety of reasons, as utterly stupid as the APES are, quite a few made out like bandits early on. Some DID have the sense to sell all or part of their positions.

Others lost because they held too long. But probably many of them HAVE learned something, and going forward, many of them will take profits when they can. If they don't sell their entire position, they'll be playing with "free money". Needless to say, that money isn' exactly free, but at least they're not losing.

[janice shell]

Now. Earlier, we discussed the DOJ's investigation of short sellers. One of the shorts in question was Carson Block of Muddy Waters.

I'd always assumed--for no particular reason--that the name of the business referenced Muddy Waters the blues singer. But I just learned that it does not. It's named for a Chinese proverb, "muddy waters make it easy to catch fish".

I'll be damned.

[dukeb]

In the olden days, when the only way you could buy or sell stocks was through a broker, a buddy's brother-in-law was a stockbroker. I was in my mid-teens and had made a few grand saved up. I spoke to the broker and he had two stocks in mind: Both were VERY boring companies in their infancy at the time. One made computerized crop planting controllers for farmers (when no such thing existed) and the other made test equipment for factories. I split the money between the two companies and both did very well.

Now, with people making their own investment decisions based on what their barber told them or what looks "cool" on the iHub breakout board, and being able to make a trade with a few clicks or taps it seems the odds are considerably more long.

Advice from a professional can be helpful.

I've often wondered how many people make money on their first investments

[BullNBear52]

My kids made money right off that bat when I bought them quality funds after birth. A 30+ year bull market helps

Your kids made money because you made it for them. Most parents do the same thing when their kids are young. Our son pretty much makes his own investments now but he does ask me for advice. His biggest winner was Chewy while working at Fedex during the start of the pandemic. And of course he owns the company as well.