Lesson 9: Herding: When Everyone Else Buys In. The herd is right most of the time. The herd is also catastrophically wrong about 20% of the time, at exactly the worst moments.
Everyone agrees: sell now. Is that a reason to?
Trust your gut before the crowd does your thinking.
Assessment
A scare hits. Commentators, social media, and your brother-in-law all agree: sell now. Is everyone agreeing a good reason to follow them?
Everyone agrees 🤔 Suspicious?