This is a short write-up I had prepared for discussion with a senior personnel in a prominent investment bank. The context was the pattern of stock prices in recent times of popular IPOs in the tech-space (more specifically, social-media space).
I feel that currently the "theory of conspicuous consumption" by Thorsten Veblen holds lot of merit. If you remember, in our last meeting, I had pointed out that the rules of demand and supply...
