I knew this, you know, from history. I mean, that's like the whole point of sociology. I had simply not internalized the speed and depth at which it would happen. It's like being described an earthquake and being in one (I was in a major one so I know the difference).
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Please read Charles Mackay's Extraordinary Popular Delusions "We find that whole communities suddenly fix their minds upon one object, and go mad in its pursuit; that millions of people become simultaneously impressed with one delusion, and run after it,
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till their attention is caught by some new folly more captivating than the first.” We are living such a moment. There are other works (mostly from trading/finance perspective) but the authors maybe quite out there for some people's tastes (descriptions of tulip mania are good)
End of conversation
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