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One of the best lessons I ever learned about the stock market, and economics in general, was that markets are a measure of human sentiment, NOT actual value. S
by oofta-boofta 4y ago
One of the best lessons I ever learned about the stock market, and economics in general, was that markets are a measure of human sentiment, NOT actual value.
See: Richard Thaler.
- red-iron-pine 4y agoPeople were saying that long before Thaler. Keynes family suggested picking stocks was like going to a beauty contest and trying NOT to pick the most beautiful contestant, but instead trying to pick the one that everyone else would pick.