đ”How does Soros view the relationship between the herd effect and persistence?
Although it is important to insist on independent thinking, when a large-scale herd effect occurs, it is safer to temporarily follow the herd.
A certain target will suddenly rise and fall, exceeding its actual value, but there is reflexivity (objective facts cause subjective behavior, which in turn affects objective facts). It is the most rational to temporarily follow or wait and see!
My personal understanding is that in short-term behavior, follow the general trend and don't go against the trend.
For the long-term development of the situation, stick to your own views and opinions! â€ïž.
