$TENCENT (00700.HK)$ Fear and greed are two super-contagious...

Fear and greed are two super-contagious maladies that flare up in capital markets from time to time and are here to stay. The timing of the onset of these two conditions is unpredictable, as is the irrational market behaviour they trigger. Neither its duration nor the extent of the contagion can be predicted. So we never try to guess when they will come and when they will go. Our goal is simple: be fearful when others are greedy, and be greedy when others are fearful.