Hop on the Bandwagon
I've seen multiple buzzwords pan out:
- I heard about Bitcoin in college. It's price surged during college and has grown 24-fold since I graduated.
- Tesla grew 10x in 2020. Even before 2020. it averaged ~36% annualized growth since it went public in 2010.
- todo
The Serious and Sensible explanation is survivorship bias Survivorship bias: I'm more likely to remember successes than failures that just kind of fad away.
Indeed, at one point I thought I had heard about GME being a good buy well before it reached its ~$200 valuation in early 2021.