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Understanding the Why of Trends | Siding with Shiller


Constancy of Human Nature

There is something primal about the human emotions of Greed and Fear.  It is these emotions in a collective sense that reflect in prices.

Questioning trends in a market, is akin to questioning the existence of these emotions, the ones that make us Humans.

Martin Lueck of Aspect Capital makes an interesting point when he says, "As a species, we have not evolved much in terms of the crowd behavior that drives trends."

 As trend followers that's what we are betting on, the constancy of human nature . . .

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