A Nobel economist has a warning for meme stock traders

Nobel laureate Richard Thaler warns against the allure of meme stocks, urging individual investors to steer clear of single stock picking and instead opt for broad, diversified index funds. He advises treating meme stocks as entertainment, not a wealth-building strategy, and to avoid risky moves. Thaler and fellow economist Alex Imas emphasize the importance of ignoring hype and focusing on a steady, long-term investment strategy.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.