Well, IMO, "human nature" is to vague a term. I would say, it's more like, the tendency of majority to look for simplistic numbers/variables/quantities(P/E rati

Well, IMO, "human nature" is to vague a term. I would say, it's more like, the tendency of majority to look for simplistic numbers/variables/quantities(P/E ratio,quarterly earning etc..). which pulls the public corporations towards local optima.