Rationality Often Appears Irrational to the Crowd

"The crowd is untruth." ~ Soren Kierkegaard

Readers here (you) know that actions that may appear irrational to the crowd, such as buying stocks when others are fearful or selling stocks when others are greedy, is a hallmark of prudent behavior in personal finance (and in life).

I wrote a post for one of my favorite blogs, GoodLife Zen, called Irrationality: Hallmark of Greatness?  Check it out and add to the comments if you so desire.

I'll be back for a full-length post here in a few days.

Cheers...

Kent

Comments

[Daddy Paul]

Jessie Livermore one of the greatest stock traders of all time was able to understand that the heard mentality was insane. Livermore hired psychologists as well as mathematicians to prove he was correct. He made a fortune.