retailinvestor

Ripple Ex-CTO David Schwartz Slams S&P 500 'Buy High' Advice

David Schwartz, the former CTO of Ripple, just torched the viral advice telling everyday investors to dump cash into the S&P 500 at record levels. He laid out a brutal three-step formula: 1) Buy high. 2) ??? 3) Profit. The question marks are the entire point, highlighting the complete lack of strategy in buying at the peak.

The S&P 500 has been on a tear, hitting new highs fueled by a massive rally. The narrative pushed is that it's simple to just invest, even small amounts, and profit. But Schwartz, a known risk-aware investor, sees through the hype. He's not saying avoid stocks, he's saying don't substitute price momentum for actual investment reasoning.

This isn't Schwartz's first rodeo with scrutinizing narratives. He's known for dissecting crypto's risks and rewards, and his skepticism towards easy money advice is consistent. His critique of the 'buy high' strategy, especially with the S&P 500 flirting with its 2026 peak, is a stark reminder that entry price matters more than the hype suggests.

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