Speech
Excerpts from "Comments on the current financial crisis"
Abstract: Remarks before the Ninth Annual R.I.S.E. (Redefining Investment Strategy Education) Forum Dayton, Ohio, March 26, 2009. "Here is a take-home quote from Charles Mackay's classic tome "Extraordinary Popular Delusions and the Madness of Crowds", written in 1841: 'Men think in herds...[and] they go mad in herds.' Just as the astute investor should have resisted joining the thundering herd's mad euphoria, I suggest you resist joining in the current stampede of despair."
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Authors
Bibliographic Information
Provider: Federal Reserve Bank of Dallas
Part of Series: Speeches and Essays
Publication Date: 2009