It’s funny how human nature rarely changes.
And this is exactly why all our scriptures, although written thousands of years ago, are still as relevant today as they were back then!
In the investing world, maybe a few decades ago, people would make basic mistakes like buying high and then getting wiped out in a market crash. Why’d they do that? Because they didn’t have enough information. About companies, about markets, about stocks. No internet, no information.
Hence, buy, because it seems like a get rich quick scheme, and hey the neighbor is in on it too!
Fast forward to today, and what has changed? Lack of information has changed to an overdose of information. But has this translated into wisdom? Hardly. Greed and fear still rule the roost, and hence the basal human nature is absolutely unchanged.