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Politics : Formerly About Applied Materials

AMAT 228.68

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Nov 17 3:59 PM EST

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To: derek cao who wrote (18258)	3/28/1998 8:14:00 PM
From: Jacob Snyder	Read Replies (2) of 70976

derek: thanks for the great article on behavioral finance. I'm about half way through reading "Against the Gods, a History of Risk". The idea that people are rational, and all have access to all important facts, and act only based on those facts, seems irrational to me. If it were true, there wouldn't be a need for a stock market. And you couldn't make any more money picking stocks than you could with an index fund.

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