Links - 04/15/2024
“The crowd and the stock market have other features in common. They both thrive on uncertainty and rumour…. Like the forces behind a bull market, the crowd is inherently unstable; it has no stasis, no point of equilibrium, and is driven by a dynamic either to grow or to shrink. At the moment of its dispersal, a crowd frequently succumbs to panic: ‘It is…
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