Isn't it way more likely that the shoeshine boy was just repeating what previous... | Hacker News

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ALittleLight on Aug 5, 2020 | parent | context | favorite | on: Gold price rises above $2k for first time

Isn't it way more likely that the shoeshine boy was just repeating what previous clients had said rather than playing the market himself?

thanhhaimai on Aug 5, 2020 [–]

And that's exactly the reason: when the information is so widely circulated, you no longer have the information advantage. The market should have priced those information in. At that time, it's best to exit. Otherwise, the investor is no longer "investing". It's plain gambling without information.

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