Lessons from financial market cycles is a must read for everyone . Learnings from various financial cycles have been put together for readers by Amit in a very simple way , easy to understand . One should Learn from these cycles and learn to invest when others r fearful and disinvest when others are greedy.
Humans are believed to be the only animals with the power to imagine. We can imagine situations that are not there yet, or events that have yet to take place. This ability has probably been one of the major factors behind all development.
So when we are feared, we imagine the possibility of an event with unacceptable or bad outcome. And imagination of profit leads to an emotion known as greed.
#RidingTheRollerCoaster – 83
Both fear and greed are a result of what is happening in the external world – actually our reaction to the events in the outside world
#RidingTheRollerCoaster – 22