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
Dov Gertzulin's DG Capital is having a strong year. According to a copy of the hedge fund's letter to investors of its DG Value Partners Class C strategy, the fund is up 36.4% of the year to the end of June, after a performance of 12.8% in the second quarter. The Class C strategy is 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):