Let us not, in the pride of our superior knowledge, turn with contempt from the follies of our predecessors. The study of the errors into which great minds have fallen in the pursuit of truth can never be uninstructive.”
– Charles Mackay
Extraordinary Popular Delusions and the Madness of Crowds
Dan Loeb’s Third Point Re To Merge After Years Of Losses
Last week, Third Point Re insurance, which is backed by US hedge-fund manager Daniel Loeb, said it would merge with Sirius International Insurance Group in a cash-and-stock deal worth around $788 million. The deal comes at a pivotal time for both companies. Third Point Re To Merge After Years Of Losses Early last year, reports Read More
A good read on investor psychology by John Hussman: https://www.hussmanfunds.com/comment/mmc171218/
Be careful not to blindly label every steep chart a bubble; it leads to sloppy thinking.
Just remember what the current stock market feels like with its low volatility and steady rises because this is what a bear market FEELS like (Video link):