The Herd Effect: How Prices Are Going Up

To say that a crowd has gone mad is not to say that the individual participants are acting irrationally, correct? Well, let's see. Yeah, yes, I would agree with that in the sense that it's, well, take the momentum traders, as long as you believe that prices are going to continue to rise,. And there's nothing irrational about that except that it has a discourse, you know, you can't last and so on.