, Columnist
Gambling on Options Is Fun
Also a Sculptor lawsuit, Jamie Dimon on bank capital rules and a 2x levered Bitcoin ETF.
Historically, retail stock investing was a bundle of:
There was just a very strong case that, if you wanted to make long-term retirement investments, buying stocks was the good and sensible way to do it, endorsed by academic theory and common sense. But you had to pick the stocks: In the olden days, stock investing meant buying individual stocks, and retail stock investing meant not buying that many of them, because stocks traded in round lots of 100 expensive shares so you could only buy so many different stocks.