> pin the fortunes of the stock market and potentially the entire economy on the behavior of one person?

"We" don't. Media narratives over-focus on individuals and personalities because that's what humans focus on.

Markets can overreact emotionally on daily headlines and weekly narratives but tend to correct quarter to quarter. There's lots of data and examples: Apple after Jobs, Microsoft after Gates, etc. Even after losing iconic, long-time leaders, most industry-leading companies continue to make even more money, more profitably than ever over the following decade.

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RIMR a day ago | parent | next [-]

> "We" don't.

> That's what humans focus on.

I struggle to understand what narrative you're correcting here. "We" in this context seems to collectively mean "humanity". Markets, media narratives, etc. are all run by humans. That's "us", whether or not you personally want any of the blame/credit.

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mrandish a day ago | parent [-]

I was disputing that financial markets "pin the fortunes of the stock market and potentially the entire economy on the behavior of one person" at least beyond emotional reactions to daily headlines by retail investors.

I agree that markets shouldn't do that, and further, I believe they don't do that in any meaningful way. NVidia's price drop of ~20% is short-term volatility. Tracked against the NASDAQ, NVidia will likely post new all-time highs within the next 100 days.

	▲	jryan49 a day ago \| parent [-]
		It was already on a downward trend from all time highs before any of this happened.

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oska 14 hours ago | parent | prev [-]

> most industry-leading companies continue to make even more money, more profitably than ever over the following decade.

Because they stop investing in innovation and just coast off squeezing profits out of the innovations made by the founder.

Apple has not produced any innovative product since Jobs launched the iphone (no, the apple watch was not innovative). Microsoft has not innovated any new aggressive "embrace, extend, extinguish" monopolistic business practices since its very effective, sociopath CEO Gates resigned.