--- title: "Meaning & Key Takeaway of: For chat-room tyros who expect to make…" description: "\"For chat-room tyros who expect to make their first million day-trading by age 27, paging through the Sunday newspaper with a pair of scissors just to s..." image: "https://sms4smile.com/quotes/i/0ed/alex-berenson-2775_age_for-chat-room-tyros-who-expect-to-make-t_38425.png" --- # For chat-room tyros who expect to make their first million… ![“For chat-room tyros who expect to make their first million day-trading by age 27, paging through the Sunday newspaper with a pair of scissors just to save a couple of cents on Cheetos seems so, well, old economy.” quote by Alex Berenson](https://sms4smile.com/quotes/i/0ed/alex-berenson-2775_age_for-chat-room-tyros-who-expect-to-make-t_38425.png) [Download](https://sms4smile.com/quotes/i/0ed/alex-berenson-2775_age_for-chat-room-tyros-who-expect-to-make-t_38425.png) [Open image](https://sms4smile.com/quotes/i/0ed/alex-berenson-2775_age_for-chat-room-tyros-who-expect-to-make-t_38425.png) > “For chat-room tyros who expect to make their first million day-trading by age 27, paging through the Sunday newspaper with a pair of scissors just to save a couple of cents on Cheetos seems so, well, old economy.” [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Highlights the absurdity of trying to achieve massive wealth quickly through risky speculation while obsessing over trivial savings, exposing a mindset stuck in outdated economic thinking. **In simple terms:** Critiques short‑term greed and outdated frugality. Key Takeaway Wealth requires substance, not hype. Themes Greed Speculation Economic mindset Generational attitudes Consumer behavior Mood Skeptical Wry Type Satire Observation When to use this quote - Young entrepreneurs chasing fast money - Investors fixated on minute savings - People clinging to old‑school frugality Key Concepts Risk vs. reward Opportunity cost Cultural shift Practical Applications - Financial education - Long‑term investment strategies Questions to Reflect On - What does true financial security look like beyond quick wins? - How can one balance prudent saving with realistic wealth building? A Different Perspective Some argue that disciplined saving, even in small amounts, can compound over time, but the quote targets the extreme of penny‑pinching while ignoring broader financial literacy. ★ ★ ★ ★ ★ No ratings yet [Age](https://sms4smile.com/quotes/about/age/) [Cents](https://sms4smile.com/quotes/about/cents/) [Cents Cheetos](https://sms4smile.com/quotes/about/cents-cheetos-448388/) [Couple](https://sms4smile.com/quotes/about/couple/) [Day Trading](https://sms4smile.com/quotes/about/day-trading-448389/) [Economy](https://sms4smile.com/quotes/about/economy/) [Expect](https://sms4smile.com/quotes/about/expect/) [First](https://sms4smile.com/quotes/about/first/) [Firsts](https://sms4smile.com/quotes/about/firsts/) [Just](https://sms4smile.com/quotes/about/just/) [Make](https://sms4smile.com/quotes/about/make/) [Million](https://sms4smile.com/quotes/about/million/) [Millions](https://sms4smile.com/quotes/about/millions/) [Newspaper](https://sms4smile.com/quotes/about/newspaper/) [Newspapers](https://sms4smile.com/quotes/about/newspapers/) [Old](https://sms4smile.com/quotes/about/old/) [Old Economy](https://sms4smile.com/quotes/about/old-economy-448390/) [Pair](https://sms4smile.com/quotes/about/pair/) [Pairs](https://sms4smile.com/quotes/about/pairs/) [Rooms](https://sms4smile.com/quotes/about/rooms/) [Save](https://sms4smile.com/quotes/about/save/) [Scissors](https://sms4smile.com/quotes/about/scissors/) [Seems](https://sms4smile.com/quotes/about/seems/) [Sunday](https://sms4smile.com/quotes/about/sunday/) [Through](https://sms4smile.com/quotes/about/through/) [Trading](https://sms4smile.com/quotes/about/trading/) [Trading Age](https://sms4smile.com/quotes/about/trading-age-448387/) [Well](https://sms4smile.com/quotes/about/well/) [Wells](https://sms4smile.com/quotes/about/wells/) [Who](https://sms4smile.com/quotes/about/who/) ## Related quotes > [The old economy was about people acquiring a single skill for life; the new economy is about life-long learning,](https://sms4smile.com/quotes/john-doerr/the-old-economy-was-about-people-acquiring-a-single-skill-for-life/) [John Doerr](https://sms4smile.com/quotes/author/john-doerr/) > [We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But the old-economy…](https://sms4smile.com/quotes/alan-greenspan/we-may-be-in-a-rapidly-evolving-international-financial-system-with/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [So where in the old economy, content was king, in the new economy, context is king.](https://sms4smile.com/quotes/robert-kiyosaki/so-where-in-the-old-economy-content-was-king-in-the-new-economy/) [Robert Kiyosaki](https://sms4smile.com/quotes/author/robert-kiyosaki/) > [The old economy with careers and benefits and pensions is gone. There are scary implications to that.](https://sms4smile.com/quotes/chris-sacca/the-old-economy-with-careers-and-benefits-and-pensions-is-gone-there/) [Chris Sacca](https://sms4smile.com/quotes/author/chris-sacca/) > [I feel most comfortable in an old pair of jeans, Converse, and a man's jersey. My best friend cuts my hair with kitchen scissors.](https://sms4smile.com/quotes/jane-birkin/i-feel-most-comfortable-in-an-old-pair-of-jeans-converse-and-a-man-s/) [Jane Birkin](https://sms4smile.com/quotes/author/jane-birkin/) > [I wouldn't know how to design. I couldn't even if I wanted to, for I can't draw, and a pair of scissors in my…](https://sms4smile.com/quotes/jean-patou/i-wouldn-t-know-how-to-design-i-couldn-t-even-if-i-wanted-to-for-i/) [Jean Patou](https://sms4smile.com/quotes/author/jean-patou/) > [When you own a pair of haircutting scissors, you cut your own hair constantly.](https://sms4smile.com/quotes/emily-weiss/when-you-own-a-pair-of-haircutting-scissors-you-cut-your-own-hair/) [Emily Weiss](https://sms4smile.com/quotes/author/emily-weiss/) > [Karl Lagerfeld never touched a pair of scissors in his life.](https://sms4smile.com/quotes/azzedine-alaia/karl-lagerfeld-never-touched-a-pair-of-scissors-in-his-life/) [Azzedine Alaia](https://sms4smile.com/quotes/author/azzedine-alaia/) > [I used to do a lot of the day trading and the stocks. I used to have the Ameritrade and trade options.](https://sms4smile.com/quotes/redfoo/i-used-to-do-a-lot-of-the-day-trading-and-the-stocks-i-used-to-have/) [Redfoo](https://sms4smile.com/quotes/author/redfoo/) > [I think (fantasy football) has become something that needs to be looked at in terms of regulation. Effectively, it's day trading without any regulation…](https://sms4smile.com/quotes/jeb-bush/i-think-fantasy-football-has-become-something-that-needs-to-be-looked/) [Jeb Bush](https://sms4smile.com/quotes/author/jeb-bush/) > [Every single day, you're trading your life for who you're working with and what you do.](https://sms4smile.com/quotes/john-assaraf/every-single-day-you-re-trading-your-life-for-who-you-re-working-with/) [John Assaraf](https://sms4smile.com/quotes/author/john-assaraf/) > [I was one of the top paid guys at Impact, thankfully. With that money, I invested a bunch of it and I've been taking…](https://sms4smile.com/quotes/eli-drake/i-was-one-of-the-top-paid-guys-at-impact-thankfully-with-that-money-i/) [Eli Drake](https://sms4smile.com/quotes/author/eli-drake/) > [But I've been day trading stocks and I've been doing it pretty successfully.](https://sms4smile.com/quotes/eli-drake/but-i-ve-been-day-trading-stocks-and-i-ve-been-doing-it-pretty/) [Eli Drake](https://sms4smile.com/quotes/author/eli-drake/) > [I am very, very old-fashioned and clumsy. I use those long reporter notebooks. This is what a troglodyte I am. The night before I…](https://sms4smile.com/quotes/david-quammen/i-am-very-very-old-fashioned-and-clumsy-i-use-those-long-reporter/) [David Quammen](https://sms4smile.com/quotes/author/david-quammen/) > [The book is like the spoon, scissors, the hammer, the wheel. Once invented, it cannot be improved. 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And it's always trying to take in every bit of information that it can as…](https://sms4smile.com/quotes/alex-berenson/the-market-always-in-theory-at-least-looks-ahead-and-it-s-always/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) > [Individual income can grow only as fast as productivity rises.](https://sms4smile.com/quotes/alex-berenson/individual-income-can-grow-only-as-fast-as-productivity-rises/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) > [Mr. Snowden did not start out as a spy, and calling him one bends the term past recognition. Spies don't give their secrets to…](https://sms4smile.com/quotes/alex-berenson/mr-snowden-did-not-start-out-as-a-spy-and-calling-him-one-bends-the/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) > [As the Nasdaq soared in 1999 and early 2000, demand for many offerings far exceeded the supply of shares available at the initial offering price.](https://sms4smile.com/quotes/alex-berenson/as-the-nasdaq-soared-in-1999-and-early-2000-demand-for-many-offerings/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) > [Wal-Mart does not do big mergers, though it will buy much smaller competitors in so-called 'tuck-in acquisitions.'](https://sms4smile.com/quotes/alex-berenson/wal-mart-does-not-do-big-mergers-though-it-will-buy-much-smaller/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) > [Many newly public companies are able to post a year or two of strong sales growth off a small base, but their growth almost…](https://sms4smile.com/quotes/alex-berenson/many-newly-public-companies-are-able-to-post-a-year-or-two-of-strong/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) > [Business cycles lengthened greatly during the 20th century, as central banks learned to manage national economies by raising and lowering interest rates.](https://sms4smile.com/quotes/alex-berenson/business-cycles-lengthened-greatly-during-the-20th-century-as-central/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) > [Short sellers sell stock they have borrowed, hoping to buy it back later when its price has fallen.](https://sms4smile.com/quotes/alex-berenson/short-sellers-sell-stock-they-have-borrowed-hoping-to-buy-it-back/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) [Explore all 150 Alex Berenson quotes ](https://sms4smile.com/quotes/author/alex-berenson/) ## More Age quotes > [I need a bath." He chuckled. "You smell of smoke, as do I." The duke turned, leaning heavily on his cane. "Jameson, open the…](https://sms4smile.com/quotes/karen-hawkins/i-need-a-bath-he-chuckled-you-smell-of-smoke-as-do-i-the-duke-turned/) [Karen Hawkins](https://sms4smile.com/quotes/author/karen-hawkins/) > [While we've youth in our hearts, we can never grow old.](https://sms4smile.com/quotes/oliver-wendell-holmes-jr/while-we-ve-youth-in-our-hearts-we-can-never-grow-old/) [Oliver Wendell Holmes, Jr](https://sms4smile.com/quotes/author/oliver-wendell-holmes-jr/) > [It's easier to change a law than an age-old mentality. Deep down, many prejudices, many hostilities, many fears persist. But if we take a…](https://sms4smile.com/quotes/dacia-maraini/it-s-easier-to-change-a-law-than-an-age-old-mentality-deep-down-many/) [Dacia Maraini](https://sms4smile.com/quotes/author/dacia-maraini/) > [When I first started writing, when I was 15, I would go to work with people and they would tell me my lyrics were…](https://sms4smile.com/quotes/sabrina-claudio/when-i-first-started-writing-when-i-was-15-i-would-go-to-work-with/) [Sabrina Claudio](https://sms4smile.com/quotes/author/sabrina-claudio/) > [Real people speak in my books about the main events of the age, such as the war, the Chernobyl disaster, and the downfall of…](https://sms4smile.com/quotes/svetlana-alexievich/real-people-speak-in-my-books-about-the-main-events-of-the-age-such/) [Svetlana Alexievich](https://sms4smile.com/quotes/author/svetlana-alexievich/) > [As a child I was very involved with sports and I knew at age 9 that I wanted to be an Olympic champion.](https://sms4smile.com/quotes/marion-jones/as-a-child-i-was-very-involved-with-sports-and-i-knew-at-age-9-that-i/) [Marion Jones](https://sms4smile.com/quotes/author/marion-jones/) > [If there is any period one would desire to be born in, is it not the age of Revolution; when the old and the…](https://sms4smile.com/quotes/ralph-waldo-emerson/if-there-is-any-period-one-would-desire-to-be-born-in-is-it-not-the/) [Ralph Waldo Emerson](https://sms4smile.com/quotes/author/ralph-waldo-emerson/) > [By making conscious choices in our behavior and where we focus our attention, we can transform our experience of our body, decrease our biological…](https://sms4smile.com/quotes/deepak-chopra/by-making-conscious-choices-in-our-behavior-and-where-we-focus-our/) [Deepak Chopra](https://sms4smile.com/quotes/author/deepak-chopra/) > [I am just enjoying the dream of being Milan coach at the age of 40.](https://sms4smile.com/quotes/gennaro-gattuso/i-am-just-enjoying-the-dream-of-being-milan-coach-at-the-age-of-40/) [Gennaro Gattuso](https://sms4smile.com/quotes/author/gennaro-gattuso/) > [Age is an accumulation of life and loss. Adulthood is a series of lines crossed.](https://sms4smile.com/quotes/ellen-goodman/age-is-an-accumulation-of-life-and-loss-adulthood-is-a-series-of/) [Ellen Goodman](https://sms4smile.com/quotes/author/ellen-goodman/) > [I calculated that if I live up to the age of 80, then I end up using 450 toothbrushes in my life. All that…](https://sms4smile.com/quotes/dia-mirza/i-calculated-that-if-i-live-up-to-the-age-of-80-then-i-end-up-using/) [Dia Mirza](https://sms4smile.com/quotes/author/dia-mirza/) > [Why is wisdom so fair? Why is beauty so wise? 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That was a hard work.](https://sms4smile.com/quotes/bill-kaulitz/we-have-started-to-make-music-at-age-seven-that-was-a-hard-work/) [Bill Kaulitz](https://sms4smile.com/quotes/author/bill-kaulitz/) [Browse all 18,948 Age quotes ](https://sms4smile.com/quotes/about/age/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "For chat-room tyros who expect to make their first million day-trading by age 27, paging through the Sunday newspaper with a pair of scissors just to save a couple of cents on Cheetos seems so, well, old economy.", "creator": { "@type": "Person", "name": "Alex Berenson" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/alex-berenson/for-chat-room-tyros-who-expect-to-make-their-first-million-day/", "about": { "@type": "Thing", "name": "Age" }, "@id": "https://sms4smile.com/quotes/alex-berenson/for-chat-room-tyros-who-expect-to-make-their-first-million-day/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/0ed/alex-berenson-2775_age_for-chat-room-tyros-who-expect-to-make-t_38425.png", "contentUrl": "https://sms4smile.com/quotes/i/0ed/alex-berenson-2775_age_for-chat-room-tyros-who-expect-to-make-t_38425.png", "url": "https://sms4smile.com/quotes/i/0ed/alex-berenson-2775_age_for-chat-room-tyros-who-expect-to-make-t_38425.png", "width": 1080, "height": 1080, "caption": "“For chat-room tyros who expect to make their first million day-trading by age 27, paging through the Sunday…” — Alex Berenson", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Alex Berenson", "item": "https://sms4smile.com/quotes/author/alex-berenson/" }, { "@type": "ListItem", "position": 4, "name": "For chat-room tyros who expect to...", "item": "https://sms4smile.com/quotes/alex-berenson/for-chat-room-tyros-who-expect-to-make-their-first-million-day/" } ], "@id": "https://sms4smile.com/quotes/alex-berenson/for-chat-room-tyros-who-expect-to-make-their-first-million-day/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```