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And that's a million people doing that versus a billion people hearing about the pope. (very very rough numbers of course)
by Dylan16807 2y ago
And that's a million people doing that versus a billion people hearing about the pope.
(very very rough numbers of course)
- PaulHoule 2y agoAlso those trades occurring "millions and millions" of times a day as opposed to a new pope every decade or so. The comparison that I think matters is that the Pope and the Dalai Lama are the best-known religious leaders there are. I mean there used to be Billy Graham and the Ayatollah Khomeini but I think most people would struggle to name the leader of the Methodist church or Nichiren Buddhism or a rabbi of my than local importance.
- Dylan16807 2y agoIs that supposed to affect the comparison? A million trades seen by a thousand people each* isn't impressive, and numbers like that happen in all kinds of situations. This is about the huge number of people knowing about a single event right away. * I say a thousand here because even someone glued to every number on CNBC is parsing nowhere near millions of numbers. A much smaller sliver of people will see each of those individual trades.