In every market cycles there are some who attain the Demi God status.
During the DotCom boom, we had many investment bankers achieving that state in the US. In India, we had our own Mr. Ketan Parekh. In the great Indian Securities Scam, Harshad Mehta had a very wide fan following.
Most humans always need a leader to be followed. Sometimes it could be Adolf Hitler and sometimes Mahatma Gandhi, but a leader is needed. The same behaviour is carried forward in financial markets, too.
#RidingTheRollercoaster – 147