QUOTE(cybermaster98 @ Dec 10 2013, 01:26 PM)
This is another good article share by someone else:
http://www.businessinsider.com/are-you-the...he-table-2011-6
Sounds like i am the Marks http://www.businessinsider.com/are-you-the...he-table-2011-6
The Marks are your neighbors or parents or grandparents. They’re not domain experts. They know nothing about real estate, financial markets or tech stocks, but they don’t want to miss the ”investment opportunity of a lifetime.”
They hear reassurance from the Shills and take their advice at face value, never asking or questioning the Shills financial incentives to sell you this house/mortgage/tech stock. They see others making extraordinary amounts of money at the start of the mania (just buy a condo or two and you can sell them in six months.)
What no one tells the Marks is that as they’re buying, the smart money and institutional investors are quietly pulling out and selling their assets.
Dec 10 2013, 11:12 PM

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