"Understand that science and crowd behavior are ten times stronger
than any academic or fundamental argument. When panic and fear set in,
the psychology of the crowd will crush those in its path without
regard for past performance, prestige or degrees."
"If you do not respect these powers, your very career and ****tfolio
will bear the brunt of the damage."
from:
Guest Commentary, by Wakefield & Hill
Four Critical Questions
March 08, 2008
Doug Wakefield is the president of Best Minds, Inc., a Registered
Investment Advisor, and editor of the monthly newsletter The Investors
Mind: Anticipating Trends through the Lens of History and author of
Riders on the Storm: Short Selling in Contrary Winds.
full text:
http://www.prudentbear.com/index.php/GuestCommentaryHome
