The stock market isn’t irrational, it’s mimetic.

What's happening in a few special assets (“meme” stocks) — movement fueling more movement — is merely an amplification of what has always happened in the stock market: price action matters bc it is, above all, a reflection of what other people want; and what other people want affects what other people want.

And that is a product of mimesis, not memes.

So don’t let anyone tell you it’s nonsense to invest in untraditional assets. Just tell them you’re a student of human nature.