That delusion infected the investing world with delusions popping up around SPACs, meme stocks, and tech startups." details how these fact-free ideas came to dominate the investing world.
Whatever the possible virtues of this life philosophy in other contexts, suspending disbelief and dreaming big is not a great investing discipline. Yet increasingly investors seem to prefer the approach n over other, more traditional ways of allocating money, such as making investment decisions based on business fundamentals. One example of the embrace of fact-free investing is theboom, which has dominated equity market offerings in recent years.
The unrealistic but intense desires of investors are not simply limited to easy money. There is also increasing interest in finding ways to do well by doing good. Any serious philanthropist will tell you, however, that doing good is as hard as doing well, and doing both at the same time multiplies the challenges involved.
Jonathanaknee Black Friday around the corner.
Jonathanaknee Things were going pretty well a couple of years ago...now? 🤔
Jonathanaknee 观点|定义特朗普时代的错觉现在已经占据了投资世界。作者Jonathananecane。