Charles Kindleberger and Robert Aliber observed that 'there is nothing so disturbing to one's well-being and judgment as to see a friend get rich,' which explains the FOMO-driven psychology that drives bubbles and makes price discipline difficult.
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Howard MarksEvidence Quote
“As Charles kindleberger and Robert Alber observed in the fifth edition of Manas panics and crashes a history of financial crisis there is nothing so disturbing to one's well-being and judgment as to see a friend get rich”
Created: 8/11/2026, 7:51:42 AM
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