It is no use hoping that“rational” investors will drive prices back to fair value. Such sobersides get knocked over by the stampede, losing their shirts or their clients.

希望理性的投资者能够让价格回到合理的水平，是无望的.这些镇定自若的人会被那些惊慌逃窜的人撞倒，失去他们的衬衫或者是他们的客户.