The secret to successful investing
Bob Morris @ Mar 26th 2008 06:15 - Category: Credit crisis
In the irrational, out-of-control world of the financial markets, acting rationally loses money rather than making it.
Anyone who thinks that financial markets can be successfully self-regulating hasn’t understood the way that acting crazy can be the way to make massive profits, as long as you’re not the only crazy one.
This is also known as the Greater Fool theory.
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