Doug Casey on the Illusion of Recovery (lewrockwell.com)
- Highlight Loc. 173-76 | Added on Sunday, March 25, 2012, 07:45 AM
Most investors just don't have the strength of conviction to be good speculators. Instead of looking at the world to understand what's going on and placing intelligent bets on the logical consequences of the trends, regardless of what anyone else says or does, they go with the herd, buying when everyone else is buying and selling when everyone else is selling.
