Are You a Herder?

Most investors, by the way, are herders right? I mean, there's a reason why we have FOMO and all of that stuff going on these years. We are herders from a different perspective because we're not doing it from an emotional point of view. And so consequently, you can't solve everything. So something is going to break. That doesn't mean that there's a financial break, which the Fed is talking about, well, we're going to raise rates until something breaks. But I don't like the idea of puritization at the same time as being aware thatdifferent trends will lead to different outcomes for different strategies.

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