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> creates a positive feedback loop of lauding them instead, allowing them to lie to the next person That's just pyramid selling, isn't it?
by powersnail 3y ago
> creates a positive feedback loop of lauding them instead, allowing them to lie to the next person
That's just pyramid selling, isn't it?
- tommiegannert 3y agoIf you focus on the money, yes. But my point in your quote was about the incentive to continue to promote existing liars. If you've already found someone convincing (lying or not), you're likely to continue betting on them. The alternative would be to find the next promising company and invest in that instead. Either way, you'd be investing money and hope for the Greater Fool when you need to sell.