On: Stock Market Returns Are Anything but Average

[nend]

>You could argue that the entire market is a mania.

You could also argue that the entire market is simply a reflection of society and humanity in general. As an American, I don't really see the market we've built as any more maniacal than the society we've built. They seem to go hand in hand to me.

What defines how logical/maniacal our society is if not our social institutions?

[kingsuper20 → nend]

At the very least it reflects the movement in the US economy from manufacturing to financial services (FIRE) to surveillance-based advertising.

Perhaps the thing to do is to cut to the chase and declare leaves as money (h/t to Douglas Adams).