“The need for investor literacy and, by extension financial literacy as a whole, is still paramount,” said Ken Zendel, CEO of the National Association of Investors, a nonprofit organization geared towards investor education, which had growing membership in 2020.
This was brought to the forefront by the Gamestop run-up. Gamestop is a niche business that is slowing going the way of buggy whips. With more gaming moving exclusively to the net, businesses that sell games will no longer be necessary.
With that in mind who would pay a premium for this stock, except those who don’t know better, or those who are manipulating the stock.
Business fundamental are necessary for a stock or business to survive. We have seen the “Tech Bubble’, the “Real Estate” bubble and others. The fundamentals count and their basis count towards the long-term survival of a business.
Learn them before investing borrowed money.