Why Don’t Bad Ideas Die ?

I was having a conversation the other day about some of the dumber ideas in finance that don’t see to want to die — which led to a laundry list of really bad economic memes, investment concepts, and other assorted silliness.

But all of this begs the question:Why don’t bad ideas die? Why are there all of these zombie concepts that are clearly wrong, money-losing foolishness that seem to hang on forever?

Where is Darwin in all this?

 

Any suggestions? I am really curious as to why this is . . .

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