Quote:
Originally Posted by 732002
Yes and No.
I just started reading: Manias, Panics, and Crashes.
The point that was made in this book is that markets generally
work, but occasionally they break down and require government
intervention for the public good of stability.
The downside is that if the government steps in too often the
market is more likely to take bad risks, and need more Gov help.
Positive feedback.
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What about the idiot that buys stocks when high, then sells when they're in the cr*pper?
There's a special place in the anals of American history for these guys......it's called;
"Predictably Irrational," the title of another great book.
Just 12 weeks ago, some were touting Google stock......imagine the juvenile folly of buying at those previous astronomical prices?
These morons run rampant out there!
LMAO!