Better and Better                                                                                              Day 4

      Today we’re going to learn the Herd Behavior .We all have experienced this in our lives,queuing up with other people ,or watching the bustle ,for no apparent reason.Herd Behavior in financial market naturally means buying and selling along with the flow ,and then causing the prices of assets to rise or fall excessively. When the market is in a downturn ,it is naturally a good time to invest in the layout ,waiting for the future high harvest. But because of the herd behavior of most investors, even the investment varieties with the best growing prospects are not taken care of. And when the market heat in creases, investors rush into the market to buy even the investment with gloomy prospect.

      今天我們來學習“羊群行為”。我們在生活中都碰到過這種情形，就是莫名其妙地隨著人流去排隊，或去看熱鬧。金融市場上的羊群行為就是隨大流去買入和賣出，然後導致資產的價格一直過度地上漲或下跌。當市場處於低迷狀態時，其實正是進行投資佈局，等待未來高點收成的絕佳時機。但是，由於大多數投資人的羊群行為，當大家都不看好時，即使具有最佳成長前景的投資品種也無人問津，而等到市場熱度增高，投資人又一窩蜂的買入，即便是前景暗淡的投資品種。

                                                                                                      August 28th,2018                                                                                                                  Bazhou.