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Discussion Groups / English Usage / January 2007drink pretty
>From today's Contrarian Chronicles, by Bill Fleckenstein: http://articles.moneycentral.msn.com/Investing/ContrarianChronicles/ TechInvestorsStillBuyingTheHype.aspx Tech investors still buying the hype - MSN Money " ...not so much because everyone needs to have an opinion about Texas Instruments the stock, but because it might be useful to see, from ground level, what the tech bulls are able to drink pretty..." It took me a minute to figure out what he meant. -- John >> From today's Contrarian Chronicles, by Bill Fleckenstein: > http://articles.moneycentral.msn.com/Investing/ContrarianChronicles/TechInvestor sStillBuyingTheHype.aspx > Tech investors still buying the hype - MSN Money > " ...not so much because everyone needs to have an opinion about Texas > Instruments the stock, but because it might be useful to see, from > ground level, what the tech bulls are able to drink pretty..." Drinking "Kool-Aid" is his reference. This is one of most common activities for naive stock traders and naive stock investors. This means to drink "poison" diguised as pretty and tasty Kool-Aid. "One lasting legacy of the Jonestown tragedy is the saying, 'Don't drink the Kool-Aid.' This has come to mean, 'Don’t trust any group you find to be a little on the kooky side,' or 'Whatever they tell you, don't believe it too strongly.'[1] The phrase can also be used in the opposite sense to indicate that one has blindly embraced a particular philosophy or perspective (a 'Kool-Aid drinker', or, as a cynical response to a fanatical claim, 'sounds like someone's been drinking the Kool-Aid!'). In technology circles 'drinking the Kool-Aid' is often used to describe the misguided or over-abundant enthusiasm someone has for their product and it's capabilities." http://en.wikipedia.org/wiki/Kool-Aid ("Drinking the Kool-Aid") Purl Gurl > >> From today's Contrarian Chronicles, by Bill Fleckenstein: > >http://articles.moneycentral.msn.com/Investing/ContrarianChronicles/T... [quoted text clipped - 19 lines] > > http://en.wikipedia.org/wiki/Kool-Aid ("Drinking the Kool-Aid") If you really stretch, maybe through a connection with "drinking neat", you might be able to interpret it that way. I'll stay with the simpler explanation of a comparison to a bar-hopper finding more potential overnight companions above threshold as they get drunker. Or, as applied, that the analysts he's discussing must be pretty drunk to find certain stocks attractive. -- John |
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