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zebbedee

The Sheeple Just Don't Stop

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I just got off the phone with my gf and she was telling me 3 of her friends are buying, one has completed and the other two are in the process. With the run on NR, the markets in turmoil, real/core inflation on the up and the BoE between a rock and a hard place you would think they would know better. These aren't what I'd call typical people, they all have doctorates in chemistry so I think above average and still they buy. One of them, the one who just completed, has actually said she's buying it 'as an investment" 200k down the swanny me thinks.

Any comments from psychologists out there?

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I just got off the phone with my gf and she was telling me 3 of her friends are buying, one has completed and the other two are in the process. With the run on NR, the markets in turmoil, real/core inflation on the up and the BoE between a rock and a hard place you would think they would know better. These aren't what I'd call typical people, they all have doctorates in chemistry so I think above average and still they buy. One of them, the one who just completed, has actually said she's buying it 'as an investment" 200k down the swanny me thinks.

Any comments from psychologists out there?

I'm no psychologist but (I've been waiting to use that as an opening line for ages, thanks) in my experience people with doctorates are often f**king stupid with money because they are not used to thinking about it, spending most of their time thinking abstract thoughts.

On the other hand the canniest people with money seem often to be people with little formal education at all.

Also, there are a lot of people who literally have no clue what's going on in the news or around them or what it might mean for their finances (brain or no brain).

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