This is a well-established investment principle. As Keynes wrote, the point of investing isn't necessarily to pick the most beautiful contestant to win the beauty contest - it's to pick the contestant that the *other judges* will hand the crown to:
https://en.wikipedia.org/wiki/Keynesian_beauty_contest
15/
Cory Doctorow
npub1fd…jlvhs
2026-07-24 10:27:37 UTC
in reply to nevent1q…znst
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npub1fdrpydz4n2dpgpy5xhsa6rjg8ytggn82mt0addw6sf93272nhhnqsjlvhsPublished at
2026-07-24 10:27:37 UTCEvent JSON
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