Came across this quote today in my reading:

“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.” – Charles Mackay, Memoirs of Extraordinary Popular Delusions and the Madness of Crowds

It’s from a book my Dad had me read while I was at prep school (next stop military school if I didn’t straighten up). Been thinking lately that I need to reread it. Pop’s point was that, hopefully, I would be living through numerous market cycles and that the book would provide insight. It may also have contributed to my skepticism about global warming…er…climate change…or whatever loada crap Al Gore is peddling these days….