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股市“小作文”为何屡屡得逞?| 猫猫看市
Group 1 - The article highlights the tendency of investors to be swayed by rumors rather than relying on factual data presented in company reports, particularly in the banking sector during the low valuation period from 2022 to 2023 [1][2] - It points out that despite the rumors about banks' exposure to the real estate sector, the actual loan exposure was typically less than 10% of total assets, which was clearly stated in their financial reports [1] - The article also mentions that the impact of U.S.-China trade conflicts on port companies was overstated, as U.S. throughput accounted for only about 5% of total industry throughput, indicating that the rumors had a greater influence than the facts [1] Group 2 - The article discusses the historical context of human evolution, suggesting that the reliance on rumors can be traced back to survival instincts developed over millions of years, where communication and trust within small groups were crucial for survival [2][3] - It explains that in early human societies, the cost of seeking evidence was high, leading to a natural inclination to trust spoken words over requiring proof, which has persisted through history [3][4] - The transition to a modern information-rich environment poses challenges to this ingrained behavior, as the capital market now demands reliance on data and evidence rather than rumors, creating a conflict with long-standing human habits [4]