Friday, December 7, 2012

Sentiment and markets

A person is smart. People are dumb, panicky, dangerous animals and you know it!

Men in Black (1997)

Great quote on the behavior of the crowd and why it cannot be trusted. Most people are rational when isolated from the group and given time to thing. It is very different once you put them in a group. Forget the wisdom of crowds. Emotions take hold and thinking is gone.

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