The lesson is that investors should assess the real performance of the companies they invest in, and not get carried away by
the often irrational prices that occur in the stock market.
Not exact matches
It has
often been couched in terms of using monetary policy to prevent or deflate asset -
price bubbles — perhaps to dampen
irrational exuberance in stock markets.
In contrast the
often erratic and mostly
irrational daily short - term volatility of stock
prices in general is not.