My answer is this: "The market behaves as it does because of the
interactions of hundreds of thousands of people. And since all these
individuals are members of the human race, regardless of national origin,
34
religious conviction, or what have you, they will all have one thing in
common—the psychological structure of the human mind." This
psychological structure behaves in certain highly predictable ways
whenever it encounters stress or split-second decisions. In the market, the
fear of losing one's fortune is every bit as intense as the fear of losing one's
life from an attack by a wild animal.
interactions of hundreds of thousands of people. And since all these
individuals are members of the human race, regardless of national origin,
34
religious conviction, or what have you, they will all have one thing in
common—the psychological structure of the human mind." This
psychological structure behaves in certain highly predictable ways
whenever it encounters stress or split-second decisions. In the market, the
fear of losing one's fortune is every bit as intense as the fear of losing one's
life from an attack by a wild animal.


Comment
Advanced mode Normal mode