A marketing professor on MSNBC claimed that young GameStop investors should spend time working out and forming relationships instead of "sitting and staring at their phone[s]."
Scott Galloway, an advertising theorist at New York University's Stern School of Business where he teaches brand strategy and digital marketing to second-year MBA students, appeared on the left-wing national television program Monday morning.
"Maybe it's fun. Fine, maybe it's a movement," Galloway said during the interview. "But the biggest loss of capital will be the human capital of young men who are sitting and staring at their phone, watching the price of Bitcoin or the price of AMC."
The educator delivered his one-minute rant against those darn Reddit "youths" who dared to disrupt the status quo and influence the stock market by beating hedge-fund managers at their own game. Now that the old system is threatened, a handful of old-timers like Galloway have fired back while the rest of us shed tears as we witness rich, middle-aged careerists lose their yachts.
"Ask yourself, 'Would you be better off taking that one, two, or three hours a day and working out, trying to form relationships—with mentors, with romantic [partners], with people at work—getting great at something so you can be the person on the other side of the trade?' The greatest lost in capital here is from young men who are more prone to gambling addiction who don't understand the markets," Galloway reiterated.
Galloway related this trend to how "there's a ton of young women out there who became very depressed by sitting in their rooms looking at Instagram, self-cutting, and self-harm skyrocket[ing]."
After Galloway leapt from investment app shenanigans to 20-year-old girls cutting themselves, he expressed his concerns with today's state of masculinity and forum-based education on stock market practices designed to keep the rich rich and make the poor poorer.
"I think you are going to see an explosion in young male depression," Galloway continued, believing this phenomenon will be "reverse engineered" to mobile applications to convince this demographic that they're participating in an online movement or "physically addict" young adults to the Internet.
Galloway, a self-described "product of big government," asked his listeners: "Would your time spent staring at Robinhood be better spent somewhere else?"
"That is the real capital destruction taking place here," concluded Galloway.
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