Op-Ed Article by Warren Buffett that supports my point of view.
One of the phrases that survived the tenure of former Fed Chairman, Alan Greenspan, was his characterization of the stock market bubble of the late 1990s as "irrational exuberance." In two words, he drew a very accurate picture of the mood of "the herd."
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Homilies persist because there's some truth to them. Of course, sometimes they conflict.
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So went one of filmdom's most quoted lines—a line shouted by a deranged news anchor (Peter Finch) in "Network," a 1976 film. And it captured the mood of the time as well as a bunch of Oscars.
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Economic Security and Financial Literacy
Economic Security and Financial Literacy
January 20, 2009...Symbolism, Substance and the Challenge to Detroit
Obama's radical pals shed light on his cynicism, his ruthlessness, and his tolerance for the obscene.