As you’ve said, and I assume most people agree with, investing is as much about behavior as anything. So my question is how do you keep from going crazy and stay calm when the market, for lack of a better word, goes irrational? To grab a random example, around QE2 time heads of banks, investment firms, governments where talking about hyperinflation and you were saying asset swap. Now I could in theory understand the 99 tech bubble caused by every random person day trading, but things like this are from professionals. Like 2007, how do you keep calm when investment and central banks are making bad moves, but in the short term get rewarded for it.
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