History of Society’s Biggest Financial Bubbles

The quote “Fool me once, shame on you” is the beginning of a longer saying that goes, “Fool me once, shame on you; fool me twice, shame on me.” In essence, the quote emphasizes the importance of learning from one’s mistakes and not allowing oneself to be taken advantage of repeatedly. It’s a call to be cautious and to recognize patterns of deceit or betrayal. But is this impossible within the stock market?

Those of longer standing in the investment world will realize that no matter how smart we claim to be, we fall for the same mistakes again. They just come in different disguises. I often say that the stock market isn’t a machine for making money; it was inherently set up to fool you.