An investor who avoids the effort and cost of gathering his own information in a market and bases his decisions on others (a follower who evades the cost of finding the best course of action and by simply imitating the behavior of a leader who made these investments). – See boom, bull, bubble, bubble, speculative, stock market fever, bull market, bull market feeds the bull market, high flyer, hindsight, myopia, market, overbought, milkmaid bull market, prosperity, rally, exuberance, unreasonable.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/