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Excerpts from \"Comments on the current financial crisis\"

Author

Listed:
  • Richard W. Fisher

Abstract

Remarks before the Ninth Annual R.I.S.E. (Redefining Investment Strategy Education) Forum Dayton, Ohio, March 26, 2009 ; \"Here is a take-home quote from Charles Mackay's classic tome \"Extraordinary Popular Delusions and the Madness of Crowds\", written in 1841: 'Men think in herds...[and] they go mad in herds.' Just as the astute investor should have resisted joining the thundering herd's mad euphoria, I suggest you resist joining in the current stampede of despair.\"

Suggested Citation

  • Richard W. Fisher, 2009. "Excerpts from \"Comments on the current financial crisis\"," Speeches and Essays 13, Federal Reserve Bank of Dallas.
    • Handle: RePEc:fip:feddsp:13
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    File URL: http://dallasfed.org/news/speeches/fisher/2009/fs090326.cfm
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