Barefoot pilgrim

Barefoot pilgrim

A slang term for an unsophisticated investor who has lost everything on the stock market. Not to be confused with Barefoot Investor.

Barefoot Pilgrim

Informal; a small investor who takes excessive risk, makes dumb investments, and displays general financial ignorance. It especially applies when such an investor has lost most or all of his/her wealth. See also: Naive diversification.
References in periodicals archive ?
By Tyler Fisher On Wednesday, 23 September 2015, I joined a steady stream of barefoot pilgrims making their way to the shrines of Lalish, the most sacred site in the Yazidi religion.