Hat tip to http://evilspeculator.com/ for providing the chart on the stock market crash in the 1929 period to show that even very smart people can be overly optimistic. The details are in
http://www.gold-eagle.com/editorials_01/seymour062001pv.html. Each number represents a new comment of optimism from another famous person during the period.
What does it all mean? When we want something to go up, we can blind ourselves to the truth. Negative reality is never something pretty.
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