There has got to be a lesson in this video about the effects of lemming investing, but I’m just clear what it is. Maybe it has to do with the media and how people blindly follow what CNBC says to do. This video would strongly make a case for such behaviour. That’s why I never watch anything when I’m trading because I don’t want to be influenced on any level, conscious or subconscious.
I just can’t fathom that people can be this stupid to conform to peer pressure, when the correct answer is so obvious. Maybe the first person is a plant, designed to say the wrong answer. If that’s not the case who’s more dumb, the first subject for giving the wrong answer, or the others for blindly following him?
Link to article here.