The war between Reddit’s GameStop enthusiasts and Wall Street hedge funds was billed a David vs Goliath struggle. As Ritholtz Wealth Management’s Josh Brown noted, David doesn’t beat Goliath in real life. Sure, a few hedge funds were bloodied, but others profited from the chaos. Wall Street will always have better data, better software, better information; why play a zero-sum game you can’t win? You beat Wall Street by buying cheap index funds and ignoring the markets.

Source: The Irish Times February 09, 2021 05:03 UTC