Daydreaming and poverty, stock traders who divorce, and crowdfunding strategies
- True or false: The poor, though suffering many burdens, are at least more able than the wealthy to take time to daydream about a better life.
- Individual investors who’re heading toward divorce:
- Significantly underperform fellow stock traders not involved in divorce.
- Inexplicably outperform them.
- Perform no better or worse than traders not involved in divorce.
- Some 200,000 projects have raised nearly $6 billion on Kickstarter. When crowdfunding, is it better to offer a fully developed product or one that can accommodate funders’ suggestions?
- Fully developed — nobody wants to fund something still in development.
- One without the finishing touches, inviting involvement of funders.
- It doesn’t matter.
- Tesla’s market capitalization — bigger than the combined values of Ford, General Motors, Toyota and Volkswagen — suggests some investors think Tesla will one day account for the entire U.S. car market, yet competitors are introducing their own electric vehicle models rapidly. An explanation might be:
- Those investors are certain that other carmakers will go bankrupt.
- They’re certain overall car sales will triple.
- During periods of innovation and speculation, investors choose winners and are reluctant to adjust their beliefs.
- Politicians and labor unions typically love reshoring — bringing manufacturing and other jobs, which had been offshored, back to the U.S. Investors didn’t favor:
- Tech companies moving research and development back home.
- Companies that reshored operations from China.
- Outsourcing, or bringing in house, operations as part of a reshoring.
- All of the above.