Sunday, December 16, 2012

Trading quote of the day


“Money … has often been a cause of the delusions of multitudes.  Sober nations have all at once become desperate gamblers, and risked almost their existence upon the turn of a piece of paper … Men, it has been well said, think herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.”

//Charles Mackay’s
Extraordinary Popular Delusions and the Madness of Crowds