Ranking Cute Animals: A Stock Market Experiment : Planet Money : NPR
“On the surface, Planet Moneys first-ever economics experiment was all about cute animals. You can see the experiment here. But we were really trying to get a better sense of how the stock market works. We got the idea from John Maynard Keynes.
Back in 1936, he described the stock market as a particular kind of beauty contest. You see a bunch of womens faces, but youre not supposed to say who you think is prettiest. Youre supposed to guess who everyone else will think is the prettiest.”
Contact J. David Lewis directly with email@example.com or share your thoughts on this topic below. He founded Resource Advisory Services in 1985. National Association of Personal Financial Advisors (NAPFA) was formed only a few years before. Lewis became a NAPFA-Registered Financial Advisor in 1986. He is a passionate advocate for fiduciary, fee-only financial planning and has been associated with financial services since childhood in a banking family. 51388