Charlie Dreifus Pens Letter in Barron’s—Royce
article 06-21-2021

Charlie Dreifus Pens Letter in Barron’s

PM Charlie Dreifus details why he is concerned about very young people buying and selling stocks in a letter to the editor published in Barron’s.

TELL US
WHAT YOU
THINK

On June 18, 2021, Charlie Dreifus’s letter to the editor, “It’s the Bubbly Market That Entices Teens,” that was published in Barron’s making his case for why he believes the market bubble is causing teenagers to buy and sell stocks on trading apps.

Read the article (subscription required).

Charlie said his concern is rooted in social media, an aggressive brokerage community, and trading apps that make buying and selling stocks more accessible to very young people. Moreover, he believes the market bubble is the catalyst for this recent trend.

“The technology behind social media has undoubtedly created even more participants today, but the root cause of this phenomenon is the technological changes in the economy, which elevate prices in the market (or in specific sectors) and spread pervasive euphoria followed by excessive greed,” he said.

Read the article (subscription required).

Learn more about Charlie Dreifus here.

Important Disclosure Information

Mr. Dreifus’s thoughts and opinions concerning the stock market are solely his own and, of course, there can be no assurance with regard to future market movements. No assurance can be given that the past performance trends as outlined above will continue in the future.

Sector weightings are determined using the Global Industry Classification Standard ("GICS"). GICS was developed by, and is the exclusive property of, Standard & Poor's Financial Services LLC ("S&P") and MSCI Inc. ("MSCI"). GICS is the trademark of S&P and MSCI. "Global Industry Classification Standard (GICS)" and "GICS Direct" are service marks of S&P and MSCI.

This material is not authorized for distribution unless preceded or accompanied by a current prospectus. Please read the prospectus carefully before investing or sending money. Smaller-cap stocks may involve considerably more risk than larger-cap stocks. (Please see "Primary Risks for Fund Investors" in the prospectus.)

Share:

Subscribe:

Sign Up

Follow: