3 ms·
It's completely rational to buy a stock if you think other ppl are going to be irrational and make the price surge.
by AznHisoka 7y ago
It's completely rational to buy a stock if you think other ppl are going to be irrational and make the price surge.
- whatshisface 7y agoI have an image of highly rational traders sitting in high pressure meetings coming up with stupid ideas so that they can front-run stupid people.
- 6gvONxR4sf7o 7y agoSounds like a keynesian stupid contest.
- icebraining 7y agoFor people who don't know the reference: https://en.wikipedia.org/wiki/Keynesian_beauty_contest https://en.wikipedia.org/wiki/Keynesian_beauty_contest
- tehjoker 7y agoWhat if you think everyone else is rational, but they'll all buy the stock for the same reason as you? It's an entirely rational system that leads to a completely irrational outcome.