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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: dealmakr who wrote (207226)6/16/2009 10:09:20 AM
From: ChanceIsRead Replies (2) of 306849
 
>>>Thats the problem when too many are on the same side of the boat, the boat will capsize. <<<

I think that the efficient market theory is getting thoroughly discredited. This is just one aspect of it. There is clearly a herd mentality when it comes to investing. You get decision making by committee and group think happens. You get a bunch of CEOs together on the gold course4, and they all decide to buy option ARM originators at the top of the market (goodbye Wachovia and half of HSBC).

I have a sharp buddy who deliberately doesn't do his own investing. Doesn't want to be emotionally involved. That makes sense. He places his wealth in a small local firm whose philosophy he likes.

One has to wonder what is better: shopping it out to a small committee or dealing with the beast and your emotions by yourself in isolation. I obviously prefer the latter.
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