I mean, there's nothing wrong with all 3 potentially applying.
It can be a Ponzi scheme for specific investors, a bubble in the stock market in general, and a cargo cult for the companies using it.
One of the comments downthread did give an argument against "cargo cult" applying though - you need actual past successes (of the particular degree, not extrapolated) to assume that your actions will repeat them.
It can be a Ponzi scheme for specific investors, a bubble in the stock market in general, and a cargo cult for the companies using it.
One of the comments downthread did give an argument against "cargo cult" applying though - you need actual past successes (of the particular degree, not extrapolated) to assume that your actions will repeat them.