A Twinkling Star

Wednesday, December 24, 2008

Madoff relied on 'irrational euphoria'

People are prone to believe what they want to believe, he said, and in rising markets a kind of irrational euphoria takes hold in which we are not inclined to ask difficult questions.
Source: Madoff relied on 'irrational euphoria' - BBC News
Posted by Saquib at 10:32 AM

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