As far as recommending which stocks to buy, here’s what Clark has to say:
“I’m not a big fan of buying individual stocks, especially not buying what are known as ‘story’ or ‘momentum’ stocks. And both of these [GameStop and AMC] were both of those things at the same time,” says Clark. “And they only ran up in value because of what happened on Reddit, and there was not the intrinsic value that the stock market reflected for a period of days or hours. And so they crashed back to Earth, and it’s just an expensive lesson learned for a lot of people.”
To hear Clark’s full take on this question, listen to the segment:
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