I am happy to publish another blog post by a fellow investor and one of ASSI's more prolific guest bloggers,STE:
“Creative Destruction”
and
The Business Cycle
“Millions saw the apple fall, but Newton was the one who asked why.” By Bernard Baruch .
“The stock market is the story of cyclesand of the human behavior that is responsible for overreactions in both directions.” By Seth Klarman
We have seen market move and swing viciously since mid of last year due to event such as “Yuan devaluation “ , “Oil and Emerging Market crisis “ , “ China’s Debts and Shadow Banking issues” and the recent one “ Brexit “.
All these event has created huge market volatility and because of investor’s psychology swing together with these market news … we have seen the index swing up and down wildly.
One need to always remember that “"Psychological create 90% market”as quoted by Andre Kostolany.
Whatever things involving “people “ …...