2020: The Year “The Dumb Money Was The Smart Money”

“The dumb money was the smart money this year,” is how one portfolio manager cited in today’s article sums up the wild swings experienced by various “meme stocks” in 2020 as individual investors – many of them new to the market and looking to pass the time at home during the pandemic – piled in on lower-quality stocks. From vaccine developers to electric-vehicle startups to a bankrupt car-rental company, which of these “dumb money” bets turned out better than others? CLICK HERE.