...This chapter is about another important requirement for successful investing: awareness of the markets’ pendulum-like swings. Investment markets swing like a pendulum: between euphoria and depression, between celebrating positive developments and obsessing over negatives, and thus between...

...This chapter discusses what is also needed for successful investing: awareness of the pendulum-like swing of the investment markets. The pendulum swings between euphoria and depression, between celebrating positive developments and obsessing over negatives, and thus between overpriced...