presentation needs a title that can help a reader to see what the case study is all about. o For example, the title can be: Should an investor follow the decisions of other investors? • Besides the CSOP Hang Seng TECH Index ETF, 2800.hk is the Hang Sang Index tracking ETF can be used for performance comparison. • A good case of the herd effect made possible by social media is GameStop Corp. (GME) https://finance.yahoo.com/quote/GME?p=GME • After watching the movie twice, I am still struggling with the presentation’s materials. o Consider Slide 5: ▪ Daily trading volume measures the number of shares traded each day. ▪ Do you mean a stock of LOW turnover is controlled by a magnate? o Consider Slides 19 and 20: ▪ Slide 19 is a prisoner’s dilemma, whose solution is that both prisoners will plead guilty. ▪ How Slide 20 is linked to Slide 19 is beyond me. ▪ My suggestion is to delete these slides. • Investors seek highest returns subject to risk tolerance. Hence, the performance comparison should include: o Net return for the period. o Return volatility for the period. • There is a key missing question: does a trading strategy based on the herd effect increase return volatility? • The conclusion needs to answer the question: should an investor follow the decisions of other investors? o “Why do we join in the sheep flock?” is not enough for a complete case study. o Suppose you are my investment advisor. What is your advice for a conservative investor like me? • Suggestions for the individual essay: o Incorporate the above points in the essay. o Add a discussion based on GME.