Majority people go with the flow
By kingparker
@kingparker (9673)
United States
July 21, 2010 10:14am CST
Well, That is what I saw on people, majority of them will go with a flow, like a pack of animals. Only a few will go alone on his/her own decision regardless the majority decision. In recent months, gold price rising up to $1,100 per ounce, many people would thought that will be a good investment. So, people might invest more on gold rather than something else.
A the beginning of 2000, the dot.com is rising stock, and many people would invest in it, causing the bursting bubbles in the market. Whatever is popular, and other people doing so well, a large group will rush in. Is that our human nature? Every one just want a piece of something regardless of the end result.
1 response
@incus99 (1083)
• Philippines
21 Jul 10
That's what we call the "Band Wagon" phenomenon in marketing, but often times when decisions are done early, this may lead to a sure profit but its really individuality that makes the difference.. many investors base their market status on the Standard and Poors Index that's why they end up poor or just in the standard level..





