Tuesday, October 31, 2006

The Correction

If you have finance background (one of my majors was Economics, the others were Math and Computer Science -- but I liked Math the most, especially probability theory), you should know that markets often price equities irrationally. That's due to the crowd mentality that tends to possess investors: instead of buying the bargain stocks that other investors overlook and that give great returns in the long run, they chase the hyped stocks that get all the news coverage, only to eventually see their prices crash and burn.

Although such bubbles happen periodically, they are always followed by a correction: the market wakes up and realizes that it placed incorrect values on certain stocks, leading to the nose-dive of their prices, whereas other stocks rise from obscurity as investors realize what great values they are.

I think we're finally starting to see a correction in the more interesting field (at least, to me) of programming languages :)

erlang_trends.png

3 comments:

Ashvala said...

Dear Yariv,

The Google trends page shows that in Bangalore(where I live ) Perl is popular, not erlang!

http://www.google.com/trends?q=erlang%2C+perl

regards
ashvala

Ashvala said...

Dear Yariv,

The Google trends page shows that in Bangalore(where I live ) Perl is popular not erlang!

http://www.google.com/trends?q=erlang%2C+perl

regards
ashvala

Yariv said...

Hehe, yes, I know that Erlang is far from popular compared to other languages. But I think its popularity will grow as more and more people learn about its strengths.