The financial community has herd instincts that override common sense.
Be aware of what is referred to as the Bandwagon Effect, the propensity of professionals following average investors to pursue the same line of thinking.
Follow also the work done by the 19th century French economist Frederic Bastiat, who said people see benefits but never the hidden costs. It is one of his lessons that goes beyond politics into the realm of investing. (See the Earl J Weinreb NewsHole® comments.)
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