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.\"

Keywords: economic conditions - United States; Financial crises; Investments;

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Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Part of Series: Speeches and Essays

Publication Date: 2009

Number: 13