An upgrade by Goldman Sachs was the latest catalyst for the stock, already up 609 percent this year. Analyst Mark Delaney based his call on macro and micro factors.
Anchoring is one. We’re often told to go with the first thing that pops into our minds, whether it’s the answer to a multiple choice test question or a trivial decision about which dessert to pick. It implies your first thought is pure instinct, a ‘blink’ decision (popularised by Malcom Gladwell), derived from subconscious data. Second-guessing yourself supposedly dilutes the magic.