If you know me, I bet you know which direction I will take this headline. First, who is Jeremy Siegel? Second, why should I listen to him? Third, what is his credibility? Even beyond my questions, this must be one of the least assuring headlines ever. Here are some of my own renditions of the headline to emphasize my point.

All joking aside, Jeremy Siegel is a former finance professor at the University of Pennslyvania’s Wharton School. He commented on meme stocks during a podcast, but Bloomberg’s headline is a touch misleading. Siegal says it is “fine” to put 10-15% towards meme stocks if you are young. This is because younger individuals can afford to take on more risk, while older individuals need more stability as they approach retirement.

Since Siegel is well-versed in the financial industry, his advice is “fine” (seemed fitting to quote Siegel here). This Bloomberg headline is just odd since most investors were likely not waiting to make investment decisions based on Siegal’s view of meme stocks. Perhaps I am in the wrong though. Any thoughts on Siegel's comment on meme stocks?

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