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... > social science subjects > business and management > international business > economics of international business > economic theories of international business > follow-the-leader theory

Preferred term

follow-the-leader theory  

Definition(s)

  • Follow-the-leader theory is an investment strategy that calls for investing money in the areas where already successful investors are putting it. It is essentially a form of momentum investment strategy, and reflects economist John Maynard Keynes's comparison of the stock market to a beauty contest: Just as the most beautiful woman on the dais only wins if she's voted for, the strongest stock only rises in value if people buy it. [Source: Encyclopedia of Business in Today's World; Follow-the-Leader Theory]

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URI

http://data.loterre.fr/ark:/67375/N9J-LGDQ3GKC-V

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