2 Important Lessons I’ve Learned From The Gamestop Fiasco

This whole fiasco happening with Gamestop’s stock price that has created a Robin Hood narrative and influenced the actions of millions of retail investors has shown me two very important lessons that I think humankind itself has been slow to learn about the internet.

One: Humans create the truth. The truth is often based on self-fulfilling prophecies.

Can you tell whether a company will succeed or fail?

Here’s my take. It is the decision itself that creates the future.

The combined predictions of everyone looking at a company determine its fate.

A small company can in one day be backed by a reputable corporation and suddenly gain the trust needed to thrive.

No company’s fate is ever sealed. Change the shared perception, change the fate.

Two: The Internet breaks all the rules.

The Internet has made making videos about tiny niches a viable career.

What the Internet provides is access to the most diverse community ever to exist and in a group like that, you WILL find your kind.

So you say marriage is important? There’s a group for that.

There’s also a group that denies that.

You say that a stock has poor fundamentals and will fail? Group for that.

There’s also a group that disagrees.

Create a large enough movement of outsiders and the rules of engagement no longer apply.

How will I apply this information?

It helps me understand that even if I feel isolated often, I am not alone in this world. There are people like me out there.

I will put more time into making it possible for my online tribe to find me.

And I won’t filter myself as I do so because if you don’t resonate with me, that’s okay. There’s always someone else.