Vanguard CIO Gregory Davis has cautioned against excessively risky bets associated with GameStop. As a top executive for one of the largest asset managers in the world, Davis noted that he has “seen this movie already.”
GameStop Rally Has an End
According to the Vanguard Executive, the GameStop movie will play out with the stock hitting an 18-month high based on activity on Reddit. However, he predicted the rally will not last long.
“Back in 2021, there were plenty of headlines of young or novice speculators who were swept up in meme stock frenzy,” Davis said in a post on LinkedIn, adding that, “We heard about the winners – the few individuals who got rich quick with their extremely risky bets and extreme luck. But most walked away worse-off, left to face the inevitable and stark reality of day trading.”
Vanguard CIO weighs on GameStop Part II: „seen this movie before”.. „risky bets”.. „most walked away worse off”.. „don’t confuse speculating with investing” etc pic.twit
We współpracy z: https://coingape.com/vanguard-cio-issues-important-warning-on-speculative-gamestop-bets/
