'Don't confuse day traders with serious investors': Warren Buffett and Howard Marks will win over time, Princeton economist says

· *Day traders are mindlessly buying and most are throwing their money away, Wealthfront's investment chief Burton Malkiel said in a blog post this week.*
· *"Legions of new day traders have poured new money into stocks without a care for the risks involved, clearly unaware of Buffett's maxim that 'It's only when the tide goes...