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To: RealMuLan who wrote (75203)2/24/2008 9:56:44 PM
From: RealMuLan  Respond to of 116555
 
Herd mentality

Tom Stevenson

Monday, February 25, 2008
thestandard.com.hk

Thanks to some intriguing research from the London Business School's stock market number crunchers, I might have to abandon one of my favorite nuggets of investment wisdom.

The late Sir James Goldsmith said that "when you see a bandwagon, it's too late."

He meant that by the time an investment story is in the news, the smart money is already riding the wave