Market Mood

In his 1986 letter to Berkshire Hathaway shareholders, Warren Buffett penned an observation that eventually transformed into the most overquoted, yet misunderstood, maxim in modern finance: “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.” When Buffett wrote this, Wall Street was experiencing a massive […]

Markets aren’t cold, rational calculators. They are massive aggregations of human hope, panic, and structural positioning. When an asset drops 20% in a week, the underlying business or protocol rarely changed 20% overnight; what changed was the collective psychological risk tolerance of the participants. This emotional pendulum is exactly what the Fear and Greed Index […]