How Do You Test for a Crisis?

Yi: It's very difficult to take these contrarian actions in the face of sentiment. Most people don't report their transactions, and most investors don't write memos like i do. We had lived through a severe market down turn in ninete 91, and another one in one o two. I'd been working forty years already. I've seen some of these things. And so, you hopefully we learn from experience. Hopefully at some point our intellect, aided by dispassionate observation of our experience, can overcome our emotion. That's number one. Numer two, maybe bruce and i are more unemotional than most. Number three, our very activity of investing in