I also have no discipline around ice cream so I try to avoid buying it, but hopefully I could avoid eating ice cream that Andrew had dipped his toe into, especially after a sweaty PTON workout.
PTON was a classic hedge fund manager stock. Hedge fund managers are wealthy and competitive and all worked from home when the pandemic hit, so t…
I also have no discipline around ice cream so I try to avoid buying it, but hopefully I could avoid eating ice cream that Andrew had dipped his toe into, especially after a sweaty PTON workout.
PTON was a classic hedge fund manager stock. Hedge fund managers are wealthy and competitive and all worked from home when the pandemic hit, so they all bought PTONs. Then they all bought the stock after discovering that all their hedge fund bros had also bought PTONs. What could go wrong? EVERYONE was buying PTONs!!
Groupthink can preserve hedge fund stocks way past their expiration dates, but if the wheels don't come off (mangling infants in their conveyor belts) hedge fund groupthink can permanently inflate valuation multiples, contributing some degree of buoyancy in volatile markets.
I also have no discipline around ice cream so I try to avoid buying it, but hopefully I could avoid eating ice cream that Andrew had dipped his toe into, especially after a sweaty PTON workout.
PTON was a classic hedge fund manager stock. Hedge fund managers are wealthy and competitive and all worked from home when the pandemic hit, so they all bought PTONs. Then they all bought the stock after discovering that all their hedge fund bros had also bought PTONs. What could go wrong? EVERYONE was buying PTONs!!
Groupthink can preserve hedge fund stocks way past their expiration dates, but if the wheels don't come off (mangling infants in their conveyor belts) hedge fund groupthink can permanently inflate valuation multiples, contributing some degree of buoyancy in volatile markets.
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