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November 02, 2007

A Gallery of Crowd Behavior
by Doug Wakefield

Investors BELIEVE that bank stocks are not the place to be.

Investors are not confident that brokerage firms are the place to be.

Investors are POSITIVE that the Hong Kong market is the place to be!

"Who doesn't get it? Gold is going up, and the dollar will continue to get decimated."

"Besides, I can't even remember a time when the dollar went up and gold went down?"

But doesn't all the reckless lending of the last few years ever show up somewhere?

At the end of the day, no matter what happens to the real economy, you can always count on innovation as a place to invest.

Or can you?

"And credit will ALWAYS expand."

Or, will it?

At the end of the day, we must remember that stories are one of the most powerful parts of communication, and therefore, our decision making processes. Until we understand our human tendency is to extrapolate the past, and embrace stories that support our feelings of a current trend, we will fail to search beyond our feelings and passionately seek for signs of the END of a current trend.

If you're interested in what various experts, from a variety of disciplines, have to say about finance, you should consider becoming a part of The Investor's Mind and benefiting from the research and views of some of the most experienced individuals in the world of money. To get a feel for the educational material we've presented to our readers since January of 2006, click here. We continue to gain recognition for our 154-page industry paper on short selling, Riders on the Storm: Short Selling in Contrary Winds, which can be obtained with a subscription to The Investor's Mind. To learn more about our mission, as well as our educational and advisory services, visit our website.

Doug Wakefield,
President
Best Minds Inc., A Registered Investment Advisor

Best Minds, Inc is a registered investment advisor that looks to the best minds in the world of finance and economics to seek a direction for our clients. To be a true advocate to our clients, we have found it necessary to go well beyond the norms in financial planning today. We are avid readers. In our study of the markets, we research general history, financial and economic history, fundamental and technical analysis, and mass and individual psychology.

Copyright © 2005-2009 Best Minds Inc.

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