Saturday, 11 July 2009

Why should we pay attention to G8 meetings?

Is this a case similar to the one that Keynes described with regard to judging a beauty contest? The thinking goes that we don't vote for the person we prefer but the person that we believe that average opinion will prefer.
So to translate it back to the G8 meetings - we think that the average investor thinks that somehow they are important, which is why we take the time to glance at the headlines and listen to the sound bites, even though our own opinion is that they are just a sideshow on the world stage.

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