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 ?
On the Vatican's 17th-century plaza, a barefoot pilgrim in a sackcloth habit knelt on the cobblestones in the pouring rain and bowed his head in prayer as the chants from the Mass echoed across the square from four giant screens.
The Belford screening will step back to the 1920s, when filmmakers were at Lindisfarne to welcome barefoot pilgrims, and boy scouts enjoyed camping holidays in the 1930s.
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.
A few days from now, thousands of barefoot pilgrims will walk from various points in Metro Manila and travel from various parts of the country to join the Holy Thursday trek to Antipolo.