Thursday, May 28, 2020

Will Markets Ever Be The Same Again?

“We could have asked the same question (will financial markets ever be the same?) after the Spanish flu, the collapse of 1929, …after the huge collapse of 2008 and 2009.

And you know what? Yes, they are always the same. Human being always get greedy. They always get scared and panic. They have not repealed the laws of fear and greed…

You can go back to an tragedy and any triumph you want to and people said the same thing: Will things be the same later? And they always were… People are always talking about the lessons of history. The main lesson of history is people don’t learn the lessons of history…”

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