Mass Psychology at Work Part 1
posted on
Jun 08, 2008 06:30PM
Creating value through Exploration and Development in the Sierra Madre of Mexico
I had the great pleasure of meeting James Dines in New York a few weeks ago. In fact, for those of you who listened to the interview on Financial Sense when Eric King talked about the crowd gathering, I was fortunate enough to be one of the crowd. Dines is an incredible man, and I would advise any of you who would seriously like to financially benefit from the potentially economically tumultuous times ahead to get a copy of Dines' book, Mass Psychology and read it. In his book Dines speaks of the three essentials of security analysis: Fundamental analysis, technical analysis and mass psychological analysis. After reading his book, I find it very hard to ever think of making serious money again without continuing to pay attention to mass psychological factors. Indeed, I have been able to make good money up until this point because I have essentially been, in my mind, carrying on a private study of mass psychology for many years without really realizing it. Most likely this effort has been a result of lessons my father, who made and lost several fortunes, taught me. Fortunately my father's gift enabled me to draw many correct conclusions involving my reasoning and to reap the financial rewards. If you are going to not only achieve wealth, but keep wealth, you will have to learn to do this as well, and Dines' book is a fantastic place to start. Many of you out there are about to make money in this investment. Some of you are going to make a very large quantity of money. I would suggest that you study now how it is that you got to this investment, because if you don't have some sort of an understanding as to why, you we be lost when you hit it big, which you most probably will right here. If there is no understanding, then you will not be able to win again. And MOST SIGNFICANTLY you will not be psychologically able to handle and therefore hold on to the wealth you are about to gain. BUy the book. It's 59 bucks, but well, worth it. Bull