GameStop, AMC, and Beyond Meat have all experienced meme stock rallies driven by small investors and online forums. These stocks saw sharp price increases followed by significant declines, highlighting the risks associated with emotional investing. Warren Buffett emphasizes the importance of controlling emotions and focusing on fundamentals. Benjamin Graham’s concept of Mr. Market illustrates the market’s unpredictability. Meme stocks like GameStop and AMC lacked strong business stories, leading to inflated stock prices. Beyond Meat’s rally despite poor business performance demonstrates the influence of investor sentiment over value. Heed advice from investing legends to avoid risky meme stocks.

Read more at Yahoo Finance: What Can These Meme Stock Rallies Teach Us?