Jamie Dimon, the CEO of banking giant JP Morgan, is warning shareholders of the potential for a massive exodus from stocks driven by supposedly “passive” index fund investors. Index funds own the entire stock market rather than selecting specific stocks. The slow and steady rise in stock market valuations has led many investors to choose […]
Microsoft Founder Bill Gates has a lot of opinions, many direct and unflinching — as you might expect from a tech billionaire. His latest, shared in a Reddit “ask me anything” exchange: Cryptocurrencies are deadly. “The government’s ability to find money laundering and tax evasion and terrorist funding is a good thing,” he wrote. “Right […]
The young Russian programmer who invented Bitcoin rival Ethereum recently warned on Twitter that all crypto coins are essentially valueless. Vitalik Buterin told investors to stick to ordinary stocks and bonds instead, and only to invest in crypto what they could afford to lose. “Cryptocurrencies are still a new and hyper-volatile asset class, and could […]
