Collis McKenzie, Chapter 7, Question 6

This chapter reinforces the theme of this book that the average person has little knowledge of economics and its applications in everyday life. It seems like all you hear are stories about how Mike Jones invested a large amount of money in a small company and became a millionaire because of it, or how Bob Johnson sold his Apple stock 15 years ago for $20 that is worth $2000000 today. In reality these occurrences are a very small portion of the world of stocks, but the more mundane trading of stocks doesn't make for a very good story. I gained a much deeper understanding of stocks from the chapter, but even more so I learned more about how far reaching economics goes into other aspects of life, such as dieting and entertainment.