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This article was a fascinating window into stock trading. Thousands of retail traders making decisions based on public information and emotion, who are then mo
by jackcosgrove 6y ago
This article was a fascinating window into stock trading.
Thousands of retail traders making decisions based on public information and emotion, who are then monitored by professionals simply to measure momentum and sentiment.
Not a single mention of value creation, or even something simple like a P/E ratio.
- jl2718 6y agoThere are 3 ways to make ROI: 1. Dividends. 2. Liquidation. 3. Speculation. “Fundamentals” focuses on the first two. Unfortunately an expanding money supply creates capital inflows that will never be matched by returns. So everybody has to focus on speculative returns, which seem to be more about marketing. I wonder if someday there’ll be a Benjamin Graham equivalent for speculative hype investing. Maybe a Bogle for the vast array of tech synthetic derivatives.