![Greed And Fear Cycle [CHART]](https://www.valuewalk.com/wp-content/uploads/2015/10/cycle_chart1.15.jpg "Greed And Fear Cycle [CHART]")
Price changes are often the result of a multitude of buy and sell decisions that are as much guided by emotional instincts (greed and fear), as they are rational decisions. Ascertaining the intrinsic value of a business purely from a price chart is in our view, a risky and often dangerous proposition as such charts are in our experience more reflective of human emotions rather than fundamental value.
Via Next Insight
Voss Value Sees Plenty Of Opportunities In Cheap Small Caps [Exclusive]
For the first quarter of 2022, the Voss Value Fund returned -5.5% net of fees and expenses compared to a -7.5% total return for the Russell 2000 and a -4.6% total return for the S&P 500. According to a copy of the firm’s first-quarter letter to investors, a copy of which ValueWalk has been able Read More
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