Markets Aren’t Machines — They’re Networks of Human Judgment

市场非机械：它由人类判断编织而成的动态网络

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Markets don’t ‘decide’ — people decide, repeatedly, under uncertainty, with incomplete information, and often contradictory goals.
A stock price reflects not just company earnings, but collective guesses about leadership quality, regulatory risk, and even geopolitical mood — all weighted differently by thousands of minds.

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