I think we can all agree that we learned something this week.
No matter who you are or how long you’ve been at this, we all learned SOMETHING after this week’s events.
Some investors learned about short selling and short squeezes (my wife, for example). Others now have a better understanding of how brokers work and the fact that pretty much all of them sell their order flow. None of this is anything new to us, of course, but it is to a lot of other people.
I personally learned more about some of the Dodd Frank regulations, almost by osmosis. I mean, how could you not? But I realized that I officially care less about all that stuff than I did before. Talk about boring!
Anyway, the funniest part of the whole thing has to be the people screaming for more investor education to prevent this irrational behavior in the future. “We have to protect investors from themselves”, “Brokers need to educate their clients”….etc etc
This is hilarious. They think that making people take some tests or answer questions is going to stop them from making reckless decisions????
Are you crazy?
Do you not know how humans work????
I get a chuckle just thinking about it.
Educate them all you want. Make them get a freakin’ PHD before you let them enter their first trade. Go for it lololol.
Watch them blow up even faster!
So what’s the solution? [Read more…]