Penn Interview in Delhi

phr34k
Tue, 14 Feb 2012 22:48:33 +0000

@mechrockz- Yep. But many times even the most intelligent investors follow others and make mistakes. Like what happened during most part of the last year in the markets. There was no recession but markets crashed when media reports acting like doomsday clocks started scaring the wits out of everyone… Its this behaviour what Alan Greenspan called “Irrational Exuberance”!

Anyway figured you might find this article interesting enough…

[Is The Market Rational? No, say the experts. But neither are you–so don’t go thinking you can outsmart it. - December 9, 2002](Is The Market Rational? No, say the experts. But neither are you--so don't go thinking you can outsmart it. - December 9, 2002)