American Consequences - October 2020

Pull quote. Pull quote. Pull quote. Pull quote. Pull quote. Pull quote. Pull quote. Pull quote. By Dr. Steve Sjuggerud

“Stocks only go up,” outspoken day-trader Dave Portnoy says – often – on Twitter. On up days, Portnoy is the best there is. At least, that’s what he tells anyone who will listen. As he said on Twitter this summer... There’s nobody who can argue that Warren Buffett is better at the stock market than I am right now. I’m better than he is. It’s a fact. You’re just gonna have to deal with it. When the market moves against him, he always has some story to explain why. But one part of his act is consistent... Portnoy is an emotional roller coaster.

Author info He bets on whatever is hot, or whatever strikes his fancy. He bets big, wins big, and loses big. And he tells you all about it. You might already know about Portnoy... He has built a huge following through his Barstool Sports business, which is now worth nearly half a billion dollars. Barstool Bets is his latest venture. It’s a sports betting and gambling website. And if you think about the idea of Barstool Bets for a moment, Portnoy’s recent antics in the stock market start to make a bit more sense... The U.S. Supreme Court effectively legalized online sports betting in mid-2018. Companies have been scrambling to cash

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American Consequences

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