Fear, greed and stupidity.

"Only two things are infinite, the universe and human stupidity, and I'm not sure about the former." - Albert Einstein

The background info for this show comes from a study done in 1976 by a professor of economic history at the University of California, Berkeley. Carol M. Cipolla published an essay outlining the fundamental laws of a force he perceived as humanity’s greatest existential threat: Stupidity.

Stupid people, according to Cipolla, share several identifying traits:

• they are abundant,
• they are irrational, and;
• they cause problems for others without apparent benefit to themselves

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• [5:12] - Definition of Stupidity
• [8:30] - The first law of Stupidity
• [11:39] - Try to take an unbias approach to your investment decisions
• [13:31] - How peer groups could you lead you [financially] astray
• [17:07] - Why the stupid person is the most dangerous type of person

After the Show-Show

• [24:13] - The After the Show-Show begins

Markets & Emotions Chart - https://www.forbes.com/sites/robisbitts2/2018/07/31/the-cycle-of-market-emotions-where-are-we-now/#4a910d293cf5

Carl Richards, The Behaivor Gap - https://behaviorgap.com/