Good advice for tough times

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SEPTEMBER 29, 2008

One person's depression is another person's buying opportunity: Download cycle_of_market_emotions.pdf.

Why do we follow the pack and buy houses and stocks when they're fetching top prices? Aren't we the same people who buy two jars of mayo for the price of one and strip the clearance rack when $50 shirts get marked down to $5.99?

Forgive the amateur psychology, but as social animals I assume we crave the security of numbers, even if it means making wretched overpriced investments.

Posted by James Thorner at 3:27:10 pm on September 29, 2008 | Permalink | Comments |

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