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Originally Posted by lookout123
More than a few people did warn people about this. People did see it coming. Those people will continue to 1) preserve assets, and 2) grow assets in any market environment because they don't get caught up with the crowd. The reason they didn't stop it is because it can't be stopped. People are greedy. People are stupid. People are sheep. Individuals who are quite intelligent become sheep when put into groups - welcome to human nature. That is why fortunes are made and lost in every economic cycle.
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Well, we certainly agree about that!
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You may not have seen it coming or you may have ignored the warnings of those who saw it on the horizon, but that doesn't mean everyone was caught by surprise.
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You realize when I made that crack about financial wizards I was joking, right? Well, half joking. I really need to start using smiley face icons.