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By Jason Zweig | June 12, 2020 11:00 am ET
Las Vegas has reopened, and not just in Nevada.
Wall Street also resembles a casino — even more than it normally does. Many stocks, especially of smaller companies in financial distress, have been bouncing around like dice on a craps table.
These moves seem partly driven by people who are flocking to the stock market for the thrill of taking big risks, whether they pay off or not. Such gambling can be fun, but you should never confuse it with investing.…
To read the rest of the column:
https://www.wsj.com/articles/playing-the-market-has-a-whole-new-meaning-11591974010
For further reading:
Books:
Benjamin Graham, The Intelligent Investor
Jason Zweig,The Devil’s Financial Dictionary
Jason Zweig, Your Money and Your Brain
Jason Zweig, The Little Book of Safe Money
Articles and other resources:
What’s Speculating? What’s Investing? Some of the Wisest Investors Weigh In