Thank You, Mark Cuban. Sincerely, a Former Investor

I remember investing in the stock market, too.  It was rewarding, risky and fun.  You could work your ass off researching an industry, pick a stock whether for a trade or an investment, and then make money because you were right and you earned it.

I don’t quite know what the f*&% it is we’re doing now.

Neither does Mark Cuban:

Over just the past 3 years, the market has changed. It is getting increasingly difficult to just invest in companies you believe in. Discussion in the market place is not about the performance of specific companies and their returns. Discussion is about macro issues that impact all stocks. And those macro issues impact automated trading decisions, which impact any and every stock that is part of any and every index or ETF.  Combine that with the leverage of derivatives tracking companies,  indexes and other packages or the leveraged ETFs, and individual stocks become pawns in a much bigger game than I feel increasingly less  comfortable playing. It is a game fraught with ever increasing risk.

Thanks Mark.  I don’t agree with everything you say, but on this one you couldn’t be more on the, umm, mark.

Source:

What Business Is Wall Street In?  (BlogMaverick)