Do you make your best trades when they are the hardest to take? When you fade the extremes of emotion and provide a service to the market, buying what is clearly being puked out by the herd of amateurs caught in the undertow of their own fears? I've read that fading extremes of emotion is the only real way to acquiring huge wealth before it is in demand, and it seems to be true when keeping wealth at market tops: "fade hysteria" as Jim Rogers said, and "buy value on the cheap". In his book Hot Commodities he talks about going the other way when the crowd is gathered on one side of the market. What do you think? Are we all just lemmings carried off in waves of our own fears?