“When a country gets knocked out of the World Cup, the market falls significantly the next day… about half a percent… over £10 billion wiped off the market”

Top Traders Unplugged · IL54: Why Smart Investors Keep Making Crazy Decisions ft. Alex Edmans

Play from 3:43
3:43

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What was described

Analyzed the impact of England's World Cup loss on the UK stock market, finding a ~0.5% drop (~£10 billion) the next day

0.5% drop, £10 billion market loss

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