Markets Are the Ultimate Social Proof Machine

Which is why you should question everything

Gordon Toy
DataDrivenInvestor
Published in
4 min readOct 20, 2020

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Photo by Dimitar Belchev on Unsplash

There’s a kind of wisdom in herd behavior. When you see a large group of people fleeing in panic from some unseen threat, you could hang around and find out what all the fuss is about, or you could join them in their frenzied evacuation. The safest option is likely the latter, but if you felt dumb following the…

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Writer and analyst based in Melbourne, Australia. Investing, markets, politics, history of economic thought. More at: https://www.gordontoy.com/