… just tryin’ to make the right mistake… —The Band I’m looking to do an end run on the behavior model, here. The standard is to learn about a thing by stepping in it. Market pros will tell you everything … Continue reading
First published August 21, 2004 To invest in the stock market is to plunge into an emotionally charged arena fraught with erratic and random price fluctuation. We are dealing in probability and most people struggle with the uncertainty and behave … Continue reading
This essay was posted first in October 2003. I have archived it under My Essential Essays because, while it describes the bull market I experienced in the 1980s, it is the prototype for all bull markets: I got an e-message … Continue reading
It is held that Gustave LeBon described the behavior of financial markets with the statement, “An intelligent man becomes a blockhead the moment he becomes a member of a crowd.” For me, this statement says nothing about markets or their … Continue reading
