Ann: Appendix 3Y - David McAuliffe, page-101

A little excerpt from the book im reading which i posted a couple weeks ago.

"The next is accepting that what's rational to one person can be crazy to another. everything would compute if everyone had the same time horizon, goals, ambitions and risk tolerances. But they dont.

Panic selling stocks after they've declined 5 percent is a terrible idea if you're a long term investor, and a career imperative if you're a professional trader. there is no world in which every business or investing decision you see other people make will align with your own hopes and dreams of how things should be. "