I asked Chatgpt about the most common legend in the stock market – here you should stop belief

There are a lot of long stories about stock market. In fact, you may expect to see Paul Bonyan and Babi Thor Blue wandering on the Wall Street Stock Exchange. In most benign, these myths offer some entertainment. But in its worst cases, they can completely reduce you from investing – leaving the money on the table, instead of your wallet.

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Finding the largest legend of the stock market to address them can be a challenge. Therefore, I decided to start one. To find that, she turned to Chatgpt and asked for this to determine the most common myth in the stock market.

As we all know, Chatgpt is not perfect, so you must check any information you provide Against the advice of your real financial advisor or other experts.

According to ChatGPT, the most common stock market legend is that “the stock market resembles gambling.”

This was not a surprise. When this special phrase entered Google, I got an endless amount of materials, from YouTube visits to Reddit communities to actual studies conducted by the National Institute of Health.

The supreme result that I found was the Investopedia article Entitled“Is Warren Buffett right that the stock market is like a casino? What investors need to know?” Well, Dang, do Warren Buffett really think?

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Using Oracle of omaha as a line, I decided to make more investigation. According to the same article, Buffett made this lament in messages to investors, describing it as a result of some trends of modern traditions.

“The legendary investor claims that patience and research is a thing of the past,” said writer Daniel Liberto. “Now, as he says, the modern investor jumps without mercy to the arrows that are popular and hope for Fast return As if they were in a casino. ”

Pavite is particularly concerned with the ways that can create mobile applications “Casino in your pocket” or an increased temptation to play that allows Wall Street to benefit from user trading fees.

How does this correspond to the reason why Chatgpt believes that the story carries an echo with people. She says that people can believe this because “stocks can be volatile and unpredictable in the short term”, while they also offer that “some traders treat him like casino, and make reckless and speculative bets (for example, Meme stocks, without understanding them).” The way the media is separated by great victories and losses that do not help.