For a while, it will be self-fulfilling and create new converts, until the day of reckoning comes."Īll in all, "I have no problem with day trading," O'Leary said, "but to me, you can go to Las Vegas or you can day trade. If they think there's easy money to be made, you get a rush. "People like action and they like to gamble. "Markets have a casino characteristic that has a lot of appeal," Buffett said during the 2017 Berkshire Hathaway shareholders meeting. Indeed, long-term investing, including investing in passive funds that track the S&P 500 or in a mutual fund, shows historically better results than stock picking, research shows. taking positions and holding onto them for long periods of time." "Whether you like Warren Buffett or you don't, he understands that in the long-run, it's about the cash flow and about investing. "If they buy good companies, buy them over time, they're going to do fine 10, 20, 30 years from now."Īnd "that's how you do it," O'Leary said. "Money is made in investments by investing and by owning good companies for long periods of time," Buffett told CNBC in March 2016. "He's one of the most successful in history."
O'Leary pointed to Berkshire Hathaway chairman Warren Buffett's legendary buy-and-hold investment strategy. The difference between day trading and investing, according to O'Leary, is that investing is "putting money into the market with a long view," as in, "your entire life." But it's not investing," O'Leary tells CNBC Make It.Īnd Barbara Roper, director of investor protection at the Consumer Federation of America, recently told CNBC about day trading that "losses are particularly likely in an economy that is as rife with unprecedented and unpredictable risks of the kind we face in a global pandemic that has decimated certain industries." But many experts warn that day trading can end badly – investors, including O'Shares ETFs Chairman Kevin O'Leary, have compared day trading to gambling.
0 kommentar(er)
