How to Get a Good Outcome

When you start seeing the stock move in a certain direction, you have to realize that there is mass psychology in play here. There's a herd mentality and that can build on itself. Information cascades is what they call it in behavioral economics. And so if you're on the wrong side of that thinking, oh, I'll just wait for a little bit to see if it gets better, that's not necessarily going to work in your favor. Or if it's going to get worse.