Have any of you heard of the tulip mania in Holland several centuries ago? What about the tech boom at the end of last century? I think you know where I’m going with this one.
The power of the crowd is overwhelming. If others are participating, then you must get in the game as well. Beanie Babies for your kids in the 90’s, gotta get them. iPhone, you’re a loser without one!
In investing, if you wait until there’s lots of evidence that the stock market is going up, you missed most of the upside.
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