Thanks for sharing the boom and bust article with us, topcropper . The bit that really struck a chord with me is the quote form the Chancellor at the very beginning:
"In the world of efficient markets there are no animal spirits, no crowd
instincts, no emotions of greed or fear, no trend-following speculators, and no
‘irrational’ speculative bubbles."
As someone just embarking on the investment journey, I reckon this is worth printing out and sticking on the fridge!
"In the world of efficient markets there are no animal spirits, no crowd
instincts, no emotions of greed or fear, no trend-following speculators, and no
‘irrational’ speculative bubbles."
As someone just embarking on the investment journey, I reckon this is worth printing out and sticking on the fridge!