February 8, 2021
Peter Orazem, university professor, was quoted in a Feb. 7 Iowa State Daily story, "Understanding the GameStop saga even if you don't understand the stock market."
“Everyone needs a hobby,” said Peter Orazem, an economics professor at Iowa State. “This sort of investing is looking for short-term gains...to get into the market and out before the market bursts.”
Orazem cautioned that trying to time a market bubble and get out before it bursts is a risky strategy because prices aren’t set in the market the way they are in a store.