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To: Seeker of Truth who wrote (7699)	9/29/2004 11:07:46 PM
From: bill	Read Replies (1) \| Respond to of 11633

If you haven't already, read "The Madness of Crowds". It's a classic on group psychology. I first heard the warning about stock market frenzy applied to elevator operators but, of course, they are nearly extinct. The point simply is that when there is a general enthusiasm for investing in an area by people that normally do not invest and are uneducated and uninformed in that area, then have a group madness underway. The buying and selling is no longer based on either knowledge or fundamentals. The greater fool theory is at work. Nortel would be a good recent example. Even the so called experts (brokers) get caught up in the madness because they operate in a closed circle, feeding off each other. The latest diet craze is a good example as well. There is no basis in fact for the supposed benefits but businesses are being driven to bankruptcy by the psychology of the crowd. How to know when the psychological drive has peaked? probably impossible. Only safe bet is to take profits along the way and not try to get out at the top.

To: Seeker of Truth who wrote (7699)	9/30/2004 12:18:21 AM
From: gg cox	Read Replies (1) \| Respond to of 11633

Hello Malcolm, ..I think it was Jay Chen that first turned the phrase "Lonely path = right way." We can tell if our present path is lonely on Silicon Investor by the number of people that bookmark or follow a thread by posting to it...that is the loneliness meter or certainly an indication of loneliness...it is debatable if a problem or not..here is the proof<<ggg>> I was lonely here.. Subject 32884 very lonely here Subject 37417 looking to be less lonely here Subject 36994 and if i keep going it could really get embarassinglonelinessly. gg