Billionaire investor Chris Sacca cheers on GameStop traders - but warns them not to use borrowed money

Posted On: Feb 25, 2021   |   Posted By: Business Insider

Billionaire investor Chris Sacca cheers on GameStop traders - but warns them not to use borrowed money

Summary List Placement
Chris Sacca celebrated day traders, but warned them against using borrowing money in a Thursday tweet.
The billionaire investor and former "Shark Tank" star ended up $4 million in debt that way.
"From someone who has been there... don't trade what you can't afford to lose," he said.
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Billionaire investor Chris Sacca is cheering on the army of day traders boosting stocks such as GameStop and squeezing short-sellers , but fears they'll get burnt if they're relying on debt.
"It's fun to read about home traders making bank," the former "Shark Tank" star and Lowercase Capital founder tweeted on Thursday.
"20 yrs ago, I was one of you," he continued. "Today I'm here to tell you: *Don't trade with money you don't own.*"

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