Caution is advised in financial markets from "summary" of The Great Crash 1929 by John Kenneth Galbraith
The wise investor, always alert to the caprices of the financial markets, understands the necessity of caution in navigating the turbulent waters of speculation. As history has shown time and time again, the allure of quick profits and the siren song of easy wealth can lead even the most seasoned of traders astray. It is in these moments of irrational exuberance, when the masses clamor to buy into the latest craze, that the prudent investor must exercise restraint and discipline. The lessons of the past, as illuminated by the events of the Great Crash of 1929, serve as a sobering reminder of the dangers inherent in unchecked speculation. The market, like a fickle mistress, can turn on a dime, leaving those caught unawares in a precarious position. When the winds of fortune shift, it is the cautious investor who will weather the storm, while the reckless speculator is left to suffer the conseque...
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