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By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 24/07/2026

This is a well-established investment principle. As Keynes wrote, the point of investing isn't necessarily to pick the most beautiful contestant to win the beauty contest - it's to pick the contestant that the *other judges* will hand the crown to: en.wikipedia.org/wiki/Keynesi... 20/

en.wikipedia.org

Keynesian beauty contest - Wikipedia

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By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 24/07/2026

In other words, you don't get rich from stock speculation by identifying the businesses whose profitability will grow the most - you get rich by identifying the businesses that *other investors* will pile into, pushing the price up. 21/

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By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 24/07/2026

All you need to do is sell your shares *after* the price spike, but *before* anyone else figures out that the business is a turkey. It's like that old joke: "I don't need to run faster than the bear (market), I just have to run faster than *you*." 22/

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✌️ Matt Scheurich @mattsch.bsky.social · 25/07/2026

Which also powered the public presentations on Reddit’s wallstreetbets, to encourage retail investor degens and autists en masse to pump stock for maximum tendies

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