You see throughout history all bubbles look the same, all market tops look the same, all credit tops look the same. You have to get the timing right of course, but when you see everybody buying X you have to start saying well, wait a minute, I've seen this before when you see everybody saying it's different this time but it's never different this time.
The most dangerous words in the investment world are it is different this time. It ain't ever different this time, you know. I'm not the first person to figure that out when you see on the radio or the TV or the internet that everybody is doing something I hope that a little bell goes off in your head and says well, maybe it is better to start thinking about going the other way.
