Upping the Ante: Don’t panic - buy at the bookies and use your loaf

Upping the Ante: Don’t panic - buy at the bookies and use your loaf

As we learned during the Beast from the East, impulse decisions made out of fear do not make for good outcomes - and the same goes for betting

Last week’s hysterical reaction of the Irish masses to a bit of snow betrayed a herd mentality that astute investors will recognise instinctively. Images of supermarket shelves purged of all sliced bread suggested another coming of the Emergency. It emphasised the poor diet of people in this country and also that when fear battles with logic, logic tends to lose.

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