“I am so sick of Wall Street and all the money those people made.”
“I have to blame the regulators. They didn’t protect us when we were relying on them.”
“I can’t believe what happened in the mortgage market with subprime loans and the extent of indiscriminate lending.”
“I’m really angry. I feel let down by the system.”
“I’m disappointed because I feel like there’s no one I can trust.”
Comments like these from investors reflect feelings of pain and betrayal. In a depressed economy, it may seem quite understandable. You may even know how they feel.
Let’s look at the collective tone of these remarks. All these comments from investors focus on blaming another party to justify their feelings. That’s one approach to ...