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← Stock prices are an unreliable indicator of the economy because they often reflect fads and fantasies.

17 connected korrents · 18 moments from 1 Jun 2022 to 27 Sept 2026.

Everything filed under market efficiency market efficiency Everything filed under value investing value investing Everything filed under capitalism capitalism Everything filed under price gouging price gouging Everything filed under stock market stock market Everything filed under tariffs tariffs Everything filed under interest rates interest rates Everything filed under fiscal policy fiscal policy Everything filed under investing investing Same subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subject Read this korrent: Stock prices are an unreliable indicator of the economy because they often reflect fads and fantasies. Stock prices are an unreliable indicatorof the economy because they often reflectfads and fantasies. Last stated 5 days ago 27 Sept 2026 PK Paul Krugman — holds since 2026-09-27 — tap for who they are Same subject: Losing money periodically is a normal part of owning stocks, not a sign that something has gone wrong. — tap to centre the map on it Losing money periodically is anormal part of owning stocks, not asign that something has gone wrong. Last stated a month ago 27 Aug 2026 BC Ben Carlson — holds since 2026-08-27 — tap for who they are Same subject: Samuelson's random-walk analogy for stock prices was mathematical showing-off dressed up as a claim about the real world. — tap to centre the map on it Samuelson's random-walk analogy forstock prices was mathematicalshowing-off dressed up as a claimabout the real world. Last stated 3 years ago 30 May 2023 AG Andrew Gelman — holds since 2023-05-27 — tap for who they are AG Andrew Gelman — no longer holds since 2023-05-30 — tap for who they are Same subject: Tariff policy is too erratic to reliably predict or plan around. — tap to centre the map on it Tariff policy is too erratic toreliably predict or plan around. Last stated 2 years ago 31 Mar 2025 NB Nat Bullard — holds since 2025-03-31 — tap for who they are Same subject: A persistently low safe interest rate signals that capital is not very productive at the margin, an underlying economic problem rather than a policy variable. — tap to centre the map on it A persistently low safe interestrate signals that capital is notvery productive at the margin, anunderlying economic problem ratherthan a policy variable. Last stated 4 years ago 1 Jun 2022 OB Olivier Blanchard — holds since 2022-06-01 — tap for who they are Same subject: When assessing an economy's trajectory, current performance signals are more useful than forecasts of potential GDP growth. — tap to centre the map on it When assessing an economy'strajectory, current performancesignals are more useful thanforecasts of potential GDP growth. Last stated a year ago 13 Aug 2025 AB Andrew Batson — holds since 2025-08-13 — tap for who they are Same subject: Market bubbles and crashes are inevitable but impossible to predict in advance. — tap to centre the map on it Market bubbles and crashes areinevitable but impossible to predictin advance. Last stated 2 months ago 30 Jul 2026 JC JL Collins — holds since 2026-07-30 — tap for who they are Same subject: Most investments are really speculations, because only a handful of businesses can be predicted with any confidence. — tap to centre the map on it Most investments are reallyspeculations, because only a handfulof businesses can be predicted withany confidence. Last stated 3 years ago 20 Feb 2024 BA Bill Ackman — holds since 2024-02-20 — tap for who they are Same subject: A run of correct forecasts is not evidence of expertise, because among many forecasters some are right by chance. — tap to centre the map on it A run of correct forecasts is notevidence of expertise, because amongmany forecasters some are right bychance. Last stated 4 years ago 9 Aug 2022 GK Gary Klein — holds since 2022-08-09 — tap for who they are Same subject: Draconian price controls are among the most ruinous economic policies a government can impose. — tap to centre the map on it Draconian price controls are amongthe most ruinous economic policies agovernment can impose. Last stated 2 weeks ago 18 Sept 2026 SS Scott Sumner — holds since 2026-09-18 — tap for who they are Same subject: Dynamic pricing means prices decrease as well as increase. — tap to centre the map on it Dynamic pricing means pricesdecrease as well as increase. Last stated 3 weeks ago 13 Sept 2026 PG Paul Graham — holds since 2026-09-13 — tap for who they are Same subject: Europe's carmakers spent the early 2020s raising prices and profits at their customers' expense, and narrowed their own market doing it. — tap to centre the map on it Europe's carmakers spent the early2020s raising prices and profits attheir customers' expense, andnarrowed their own market doing it. Last stated 2 months ago 22 Jul 2026 AT Adam Tooze — holds since 2026-07-22 — tap for who they are Same subject: A market becomes commodified through fungibility of alternatives, not merely through lower price. — tap to centre the map on it A market becomes commodified throughfungibility of alternatives, notmerely through lower price. Last stated a month ago 26 Aug 2026 RK Rohit Krishnan — holds since 2026-08-26 — tap for who they are Same subject: A market economy rewards putting land under campsites and horse liveries rather than under food, and that is the wrong thing to reward. — tap to centre the map on it A market economy rewards puttingland under campsites and horseliveries rather than under food, andthat is the wrong thing to reward. Last stated 3 years ago 9 Dec 2023 CS Chris Smaje — holds since 2023-12-09 — tap for who they are Same subject: AI marketed as a pure augmenting 'tool' will end up automating jobs anyway, since firms control how it's used. — tap to centre the map on it AI marketed as a pure augmenting'tool' will end up automating jobsanyway, since firms control how it'sused. Last stated 5 months ago 13 May 2026 JS Jasmine Sun — holds since 2026-05-13 — tap for who they are Same subject: A company priced in the trillions is not thereby overpriced; the test is what revenues and margins that price actually requires. — tap to centre the map on it A company priced in the trillions isnot thereby overpriced; the test iswhat revenues and margins that priceactually requires. Last stated 10 months ago 3 Dec 2025 AD Aswath Damodaran — holds since 2025-12-03 — tap for who they are Same subject: A margin of safety means paying a discount deep enough that being wrong about what a company is worth still leaves you whole. — tap to centre the map on it A margin of safety means paying adiscount deep enough that beingwrong about what a company is worthstill leaves you whole. Last stated 3 years ago 20 Feb 2024 BA Bill Ackman — holds since 2024-02-20 — tap for who they are Same subject: A portfolio you cannot hold through an ordinary market cycle is not a portfolio but a bet. — tap to centre the map on it A portfolio you cannot hold throughan ordinary market cycle is not aportfolio but a bet. Last stated a month ago 25 Aug 2026 NM Nick Maggiulli — holds since 2026-08-25 — tap for who they are
same subject or similar wordinga cloud: claims about one subject, named for itbar: when it was last stated, on a scale from 2015 to today — full is todaya face: someone who holds the claim — tap it for who they arefaded, dashed ring: they no longer hold it — they changed their mind

At the centre Stock prices are an unreliable indicator of the economy because they often reflect fads and fantasies. Last stated 27 Sept 2026 · 5 days ago Holds Paul Krugman Read this korrent →