Investor Confidence Is Fast Approaching 'Invulnerable Extremes': Peter Atwater
The Contrarian Investor Podcast
The Importance of Jealousy in Financial Life
Jealousy is an important element of this because what we're seeing is others reaping enormous abundance and what we're feeling is scarcity. As that gap widens it really gnaws at us and so we've decided clearly too late in the process to play catch up. I look at novice behavior as a really important sentiment indicator when people who shouldn't be aware shouldn't be diving in are going in with you know holding hands or bags of money. Yeah that's the old mother-in-law indicator right? And yeah high school buddies right people who have absolutely nothing don't work in finance have no knowledge of it suddenly come out of the woodworks.
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