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by hdgvhicv 13 days ago
It’s not about fundamental value, it’s about how rational everyone else is.
1 comments
zulux 13 days ago
Yep. Keesian Beauty Contest!

(Dear Reader, if you have no idea what that is, it's a good idea to know about in my opinion)

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el_jay 13 days ago
To save other readers a web search: in a *Keynesian beauty contest, you pick the winners based on who you think others will find most beautiful.
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noosphr 13 days ago
Emperors new clothes.
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zulux 13 days ago
There's a relationship in that a persuasive kid pointing out the obvious flaws could collapse a Keynesian beauty contest.
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