Josh Brown makes the argument passionately in his essay «Computers are
the new dumb money» and followed it up with the perhaps jubilant report that some of the «quants I know told me the link was hitting their inboxes all day from friends and colleagues around the industry.
But
the new dumb money isn't quite as dumb as the VCs would like us to think, nor is it as fickle as its mutual fund predecessors.
Not exact matches
In a piece titled: «
Dumb Money: Exposing Silicon Valley's Stupidest Investments,» a writer for
New York magazine snarked»... what kind of genius decided to throw $ 1.2 million at NaturallyCurly, the «leading social network and community for people with wavy, curly and kinky hair?»»
In the February 2009 version of their paper entitled «Not so
Dumb Money: The Prognostic Power of Investor Sentiment over Time», JÃ ¶ rdis Hengelbrock, Erik Theissen and Christian Westheide measure the predictive power of German and U.S. investor sentiment indicators and test whether the market responds immediately to the release of
new sentiment data.
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Only after a few «buy the dips» and no
new highs will the
dumb money realize that the market's underlying trend has changed.
A
New Perspective: Bruce looks at the four «C Factors» that help explain why smart people do
dumb things with their
money.
Activision has got to be one of the
dumbest companies in the gaming industry, yet stupid kids (the
new generation of gamers) that know nothing of the gaming world who are spoiled by their mommy pump the
money into their pockets so they re-release the same game every year to make boatloads of cash.
My
money is on abstract painting developing more meaningful detail, out of which will come a
new «architecture» not constrained by the horizontal planar recession of figurative space, and not having to rely on
dumb compositional drawing.
• We're as financially literate as
New Zealand, but financially
dumber than Australia, which suggests that beer makes you better at
money.