WHAT CAN WE LEARN FROM TULIPMANIA?

The Wisdom of Crowds?

In this video, we explore the concept of herding. Herding is the idea that people are more comfortable investing their money in the same way as the majority of others at any given time. Simply put, it’s relying on the wisdom of the crowd—even when the crowd may be doing something kind of nutty.

Behavioural Finance for Everyday Investors

We like to think we invest rationally, but the field of behavioural finance has shown there are social, emotional, and even cognitive factors that can affect our investing decisions. By becoming aware of these unconscious tendencies, we have a better chance of meeting our long-term investing goals.