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Funny to see you (even temporarily) modded down. When we were kids, the constant refrain was "if all you friends jumped off a cliff [bridge], would you". Now if
by version_five 4y ago
Funny to see you (even temporarily) modded down. When we were kids, the constant refrain was "if all you friends jumped off a cliff [bridge], would you". Now if you don't jump off too you're usually a "denier" or conspiracy theorist
- woodruffw 4y agoNo, that's still the refrain. You shouldn't do things because your dumb friends do them. The context here is completely different: if you were in a public space and everybody in front of your suddenly turned around and starting running your way, clearly afraid, you probably would too.
- version_five 4y agoI probably would. Splitting hairs though, if I was watching a stock plummet and had no idea what was driving it, I think that would be analogous to your running situation and I'd try and dump it asap. If I saw a stock declining in reaction to news that I didn't think was so bad, I might hold or buy more, and if I was really certain, I might double down even as I was ridiculed for my choice - a la Steven Bury (sp?) in The Big Short
- stockboss 4y agoMichael Burry?
- woodruffw 4y agoThat's perfectly sound reasoning! But it's not the reasoning the OP offered: in their case it was sufficient to be bullish because everyone else is bearish, without regard for any actual interpretation of the news.
- version_five 4y agoOk, agreed!
- cperciva 4y agoMy answer was always the same: "Yes, I have smart friends so if they're jumping off the bridge there's probably a train coming". Oddly enough the adults in my life never seemed to appreciate the logic.