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The stock market is a popularity contest. A simple mention on the news of a stock can create a buying or selling frenzy over it, and this has been the case for
by isabelc 6y ago
The stock market is a popularity contest. A simple mention on the news of a stock can create a buying or selling frenzy over it, and this has been the case for a long time.
- harryh 6y agoIn the short run, yes. But in the long run it's a weighing machine.
- greenshackle2 6y agoKeynes wrote about it in 1936: https://en.wikipedia.org/wiki/Keynesian_beauty_contest https://en.wikipedia.org/wiki/Keynesian_beauty_contest
- empath75 6y agoyeah, look at the idiocy over wayfair -- down 5% on the open over a literally insane conspiracy theory.