Conforming under the pressure of peers is something with which most people are familiar. Professor Solomon Asch theorised about it and then used interesting experiments to test his thesis. Extrapolating for investment decisions, we can estimate that 30 per cent of investors will conform to peer pressure.

For those too young to remember, learn how the Poseidon affair created mass hysteria going up and catastrophic losses going down.

As the Founder of the The Joseph Palmer Foundation, Malcolm Palmer is an emphatic believer in giving back to the community.
“We do this best,” he says, “by providing funds from our foundation to worthy causes such as medical research in areas that are crucial to better health.”