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If you can't predict them except in hindsight, well then how can you say it's irrational? If you can't tell me whether or not investing in Nintendo stocks has n
by Houshalter 10y ago
If you can't predict them except in hindsight, well then how can you say it's irrational? If you can't tell me whether or not investing in Nintendo stocks has negative expected value, you shouldn't call people doing it irrational.
- flukus 10y agoThe share price exploded from a single free game because it became a social phenomenon. There wasn't any sort of serious financial analysis going on, just hype.
- Houshalter 10y agoOf course there was. If a company produces the most successful mobile game of all time, and shows there is a huge interest in one of their IPs, you don't think their stock should be worth more?
- xorcist 10y agoPlaying against irrational moves in the market in only good in theory. "The market can stay irrational longer than you can stay solvent."
- AstralStorm 10y agoExcept it can also exit faster and with a higher magnitude than expected.