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There is no line between "well-meaning small investors" and the banks. They are playing the same game. People who put money into Facebook early were hoping to
by tatsuke95 14y ago
There is no line between "well-meaning small investors" and the banks. They are playing the same game.
People who put money into Facebook early were hoping to get rich(er); they didn't do it out of the goodness our their heart. It's an SV fallacy that angels are, well, angels.
- marshray 14y agoI'm not saying anyone was being charitable, I'm saying there might be a psychological demand effect that applies to long term "value" investors and not just hype-driven day traders.