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Chamath Palihapitiya has raised concerns about the risks associated with retail investors purchasing S&P 500 index ETFs, a strategy popularized by Warren Buffett. He warns that if current issues are not addressed, it could lead to disastrous outcomes for these investors. Critics, however, have pointed out the irony in Palihapitiya's concern, highlighting his history of promoting SPACs that have significantly underperformed. Notably, shares of SPACs like SPCE, OPEN, and CLOV have seen declines of 99%, 95%, and 80%, respectively, leading some to question his credibility in advising retail investors on index funds.
One way to redeem yourself from pandemic era shilling of your SPACs is to sound alarm about index funds because you obviously care about not pulling the rug from under retail investors https://t.co/UXDGAdG2Ia
Guy who made a living shilling money-losing SPACs to retail investors at their expense now sounding the alarm on - wait for it - index funds. Man of the people! https://t.co/MzwSeIE7Uj
This guy’s worried for “Average Americans” buying the S&P 500 because Buffett told them to do so? I guess it was Warren’s fault when this guy completely obliterated average Americans with his toxic SPACs. Oh the irony of such concern for the little guy. What a peach. https://t.co/SSb9D29QRA