Bangkok Hipster Stock Tips May Signal Market Correction

Bangkok Hipster Stock Tips May Signal Market Correction – Forbes, March 25, 2013
Joe Kennedy famously claimed that he knew it was time to dump shares when he got a stock tip from a shoeshine boy in New York. Alarmed by the market froth, Kennedy began shorting shares and emerged an even richer man after the 1929 crash. This cautionary story has become part of Wall Street lore. It popped into my head last week in Bangkok when a young Thai musician told me that many of his hipster friends were obsessing over stock prices and swapping tips…

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