josh's clients aren't stupid, they're smart
josh's clients aren't stupid, they're smart
Posted May 14, 2011 14:40 UTC (Sat) by jjs (guest, #10315)In reply to: josh's clients aren't stupid, they're smart by jjs
Parent article: Scale Fail (part 1)
One other key point - the separation of the stock market into the economic and emotional sides - and overall economy grows with the economic part, bubbles and crashes are mainly caused by the emotional investment overinvesting/underinvesting as people chase this week's numbers, not the long term health.