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> the fallback is a conspiracy of some sort. I don't think you have to go to conspiracy theories to explain it. The fact that Wall Street has always been highl

> the fallback is a conspiracy of some sort. I don't think you have to go to conspiracy theories to explain it. The fact that Wall Street has always been highly suggestible, fad-driven, and has a strong herd mentality is sufficient. Combine that with sunk cost fallacies and this is exactly the sort of behavior I'd expect.

jqpabc123 1y ago
Combine that with sunk cost fallacies and this is exactly the sort of behavior I'd expect. Sorry, fads and sunk cost fallacies can't explain why a majority of Wall Street "analysts" maintain a *buy* rating on a company with a PE of over 250 and a *declining* global market share --- while the companies eating Tesla's market share have a P/E of around 10.