> Stock investing is sort of like The Ultimate Game of Cunningham's Law[2] and the XKCD cartoon[3]. The insatiable human urge to "correct" other humans results in millions for investors.
Most (By number) people invest not because they think that market prices are wrong. They invest because it's the only way for someone with limited capital to be an owner, as opposed to a worker.
>Most (By number) people invest not because they think that market prices are wrong.
Sure, I understand. My reply was about the bullet points the parent poster highlighted. Instead of long-term retirement savings type of thinking of the average Joe, the bullets from the article were about:
>“Short-term relative pricing of liquid financial assets, like the price of S&P 500 stocks relative to other S&P 500 stocks over the next three months.”
... which attracts physics PhDs, neurologists like Michael Burry, etc.
Most (By number) people invest not because they think that market prices are wrong. They invest because it's the only way for someone with limited capital to be an owner, as opposed to a worker.
I'd like to not live under a bridge when I'm 73.