Why Trends Persist
Trends exist and persist. Why? There are many, many reasons. One perhaps at first appearing off topic reason for why trends in the markets will persist can be found in the halls of DC government. Do you think the people who work for this government and or the people who run this government are rational, logical, thoughtful people? If this is how they run their workplace, how they run their government, do you think these same folks turn around and make rational, logical, thoughtful choices when it comes to their investments? I could pick any number of human behavior examples (and I am not mocking their porn surfing), but if so many people can’t even get going in a straight line when it comes to their daily job, if the leaders are not even in tune with what the employees are even doing, it’s not hard to understand why issues in behavioral finance will persist.
