Re:Investing for Geeks
by enraged_camel on Friday September 16, 2016 @02:16PM
(#12516052)
Knowing that adage doesn't mean you understand markets especially well, but not knowing it definitely means you don't understand markets.
I had a friend in college who played World of Warcraft. When the first expansion was announced, he invested $10,000 in Blizzard stock. His reasoning? "It's going to be awesome and sell a lot of copies!"
He didn't understand that the stock price at the time he made the purchase already reflected that information (that there was an expansion coming out soon).
I had a friend in college who played World of Warcraft. When the first expansion was announced, he invested $10,000 in Blizzard stock. His reasoning? "It's going to be awesome and sell a lot of copies!"
He didn't understand that the stock price at the time he made the purchase already reflected that information (that there was an expansion coming out soon).