1/An anecdote from this book, that shows us that while our memes are better, it's still the same script, just with different actors
amazon.com/Plungers-Peaco…
amazon.com/Plungers-Peaco…
2/ Edward Harriman, a railroad baron and stock speculator, had a keen understanding of the power of human emotions in pricing a stock.
Asked if he could sell Southern Pacific, then trading at $70 a share for $80 per share, he answered: No, but he *could* move the price
Asked if he could sell Southern Pacific, then trading at $70 a share for $80 per share, he answered: No, but he *could* move the price
3/ of the stock UP to $150 per share and then sell it DOWN to $100 per share.
When asked why, he said that a $10 move in the share price wasn't big enough to ignite the imaginations of stock investors, but that an $80 spurt in the price would capture everyone's attention
When asked why, he said that a $10 move in the share price wasn't big enough to ignite the imaginations of stock investors, but that an $80 spurt in the price would capture everyone's attention
4/ and cause everyone to fall all over themselves in the rush to buy the stock at the "bargain" price of $100 per share.
Thus, even though we seem to have learned very little, we DO have much better memes, so there's that...
Thus, even though we seem to have learned very little, we DO have much better memes, so there's that...
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