But that sort of thing is sometimes going to be a sane decision, if you're sufficiently confident you understand the market (in this case, I wasn't trading on momentum, it was just that she made a major gaffe and the market hadn't responded yet). In an ideal system, misrepresenting your beliefs should never be rewarded with increased voting power. It's not an anecdote, it's an existence proof.

I'm being kind of glib because I haven't really read my Hanson on this.