I’ve posted Entry #68 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called The Social Taboo on Telling the Truth About Stock Investing.
Juicy Excerpt: We create a Social Taboo that punishes those who tell the truth about stock investing in clear and blunt and direct language. Humans are social creatures. Faced with enough social pressure not to spill the beans, most of us will agree not to do so.
Arty says
Your post reminds me of how the daily stock news gets reported on CNBC (and elsewhere). The language used is always instructive and usually emphasizes one suggestive path.
Say the market opens down 300 and closes down 200, mostly moving in the last hour or two. What’s the news? The news is that stocks closed “well off their lows” and there was “a strong rally into the close”.
If the market opens up 300 but ends up 100, the news is simply that the market surged to “triple-digit gains”.
Happy Thanksgiving to you and yours, Rob.
Arty
Rob says
Happy Thanksgiving to you and yours too, Arty.
Rob