I was watching an interview with Dylan Ratigan and Tom Sosnoff yesterday. I forget how I found it but I had no idea that Dylan had given up farming.
Tom is a really really smart trader and understands options and risk as much as anyone. He started ‘Think or Swin’ which was` acquired for a huge number by Ameritrade.
Tom spends some time talking about liquidity and it is so money. Watch the whole video.
There is this illusion of liquidity in US markets because of all the cash on the sidelines, the ETF’s, automatic 401k’s deposits, friendly central banks and low interest rates.
The mini crash a few weeks ago is a good reminder that liquidity might just be an illusion.
I am so passionate about ‘do it yourself’ investing and that younger people learn the ‘language’ of the markets for this reason. They are still teaching Boy Scouts how to pitch tents and start a fire, but few are teaching kids the language of the markets which is universal and extremely empowering.
This trend will change. I am just not sure how big or bad the event must be to wake people up to the opportunity that exists and the problems of neglect.
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