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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Kenneth E. Phillipps who wrote (671911)2/10/2005 4:43:29 PM
From: DuckTapeSunroof  Respond to of 769670
 
"Extraordinary Popular Delusions and the Madness of Crowds"

Excellent classic.

(My favorite story was about the innkeeper who mortgaged all his assets to buy the latest, 'greatest' tulip bulbs... he was SURE to get rich from. Being so proud of his purchase, he proudly displayed them in a big bowl in the center of his table. Some German visitors, arriving late and drunk one night, thought his bulbs were onions and ate them. :)

PS --- I posted an analysis here a few days ago that showed that an American DOW investor, who bought in at the top in the market in 1969, would still be under-water in real terms... once inflation, fees, and taxes were factored in.