Because of their focus on relative performance to others, they are often
acting as speculators trying to guess what others are going to do.
Not exact matches
More importantly, they process and interpret information in the same was
as speculators and rather than
act to stabilize prices (by buying for value when prices decline), they tend to enhance volatility by reinforcing appreciation and depreciation expectations.
So the clergy attacked the Quebec
Act as a danger to religious and civil liberty, the frontiersmen attacked it
as a sellout of their territory, and the merchants and land
speculators agreed.
Nor would they
act as disincentives to
speculators and other short term investors and stop them from buying into the takeover target and pushing the takeover through.
Financial Freedom Quote 9: «The individual investor should
act consistently
as an investor and not
as a
speculator.»
Now all that remains is an influx of investment from long - term hodlers who believe in the technology
as opposed to FOMO - driven
speculators and this will
act as a launch pad for unprecedented price gains.