Investing in GameStop Doesn’t Make Me a ‘David’
The stock saga is more like the Parable of the Rich Fool than like David and Goliath.
by Justin Speak
Feb 04, 2021
4 minutes
This hasn’t been a typical month for the New York Stock Exchange—or for me. An unexpected battle between retail investors and a few prominent hedge funds over GameStop has brought disorienting volatility to the whole market. I am one of those retail investors; my family saw a return of $1,200 and counting on a $35 investment in GameStop. But things got really intense when I explained my perspective as a youth pastor and an amateur investor on Hallie Jackson’s MSNBC morning show.
In my plaid shirt, I defaulted to what comes naturally, and linked the economic events to a parable Jesus tells in Luke 12.
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