Lemmings 0
In the Boston Globe, Brian McGrory visits a farm to figure out why financial types show so much herd behavior. Here’s how he frames the issue:
Short of that, we would visit expert investment managers in their plush downtown offices to learn why a company like Bank of America is as safe as Fort Knox in July and has the same basic value as a warm bucket of spit in August. But all these important executives are too busy drowning people’s 401(k) plans in a river of tears to allow me through their hallowed doors.
Click to read what he found out.
