Скачать или смотреть Is day trading a scam? Here's why you won't find a single day trader on the Forbes Rich List. 🤯

In this compelling clip, renowned value investor Mohnish Pabrai gives his stark opinion on day trading as a method for building wealth. The conversation begins by addressing the pervasive advertisements that specifically target young men, suggesting that day trading is a viable path to riches. Mohnish Pabrai immediately dismisses this notion, stating that it's "not good."

He elaborates on his point by explaining who truly profits from the day trading phenomenon. According to Pabrai, it is the brokers and platforms, like Robinhood, that are guaranteed to make all the money, not the individual trader. When pressed on whether anyone can achieve long-term success and make significant money as a day trader, Pabrai offers a powerful and simple piece of evidence to counter the idea. He challenges viewers to study the Forbes 400 list, which catalogues the 400 richest people in the world. He concludes with the impactful observation that you will not find any day traders on that list, implying that it is not a legitimate strategy for achieving financial freedom or immense wealth compared to other methods like business or long-term value investing.