Lemming

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Lemming

An investor who follows the crowd without doing sufficient (or any) research on his/her investments. This almost inevitably leads to significant losses. The term has a negative connotation because a lemming (the animal) has a reputation for following his pack off of a cliff.
References in periodicals archive ?
The impact of this lemming-like behavior has been made worse in recent years because financial, economic, and other news affecting investor psychology travels faster than ever before.
Given the lemming-like nature of both car design and strategic vision, it seems only a matter of time before the proliferation of light truck models runs into market resistance.
Cowen and Lenihan and their lemming-like bungling ministers, are simply not the people we want to run the country.
I can't understand why they argue so forcibly for things to remain as they are, to keep on consuming and wasting (as we head, lemming-like, to the edge of destruction).
Meanwhile, I'll be ignoring the lemming-like tendency to spend purely for spending's sake.
The outcome of all this can be seen in today's world, in its violence, its inequalities, its selfishness, and in its lemming-like rush to extinction.