The Shift from Greed to Fear and the Consequences

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Greed turns to fear, victimhood to self-doubt, and ignorance creeps in. Doubt spreads faster than optimism. A morsel of truth triggers self-awareness and the need to fix the problem. Confidence wavers as the memories of past success fade away.

All greed starts with an innocent idea: that you are right, deserve to be right, and are owed something for the efforts you put into establishing your beliefs and opinions.

It’s a reasonable feeling. But it sets off a chain reaction that leads to an inevitable boom-and-bust cycle.

This episode explores one of the most important topics in investing: the lifecycle of greed and fear, and why it cannot, and will not, ever go away.