For example, in late 1999 and early 2000, suddenly, investors everywhere were hot to chase the next big thing.

FORBES: The Risk of Ignoring Opportunity Cost

Individual investors have a tendency to chase "hot" stocks and funds that have performed well in the past.

FORBES: Creating A Borderless Portfolio

Those who chase the current hot stock usually end up losing more than they gain.

FORBES: Financial Wisdom From Three Wise Men

Mr. Horvath: Don't chase after the hot thing.

WSJ: How Did Those 'Ugly Dolls' Come to Be? Their Creators Explain

Furthermore, money managers chase whatever's hot and shun whatever's not.

WSJ: Intelligent Investor: Don't Bet the House on Efficient-Market Model

Moral: Don't chase after one-year hot performers, like the Fidelity Aggressive Growth of 1999.

FORBES: The fortunes of an aggressive growth fund in a bear market.

Maybe you could help out at the police training range, letting cadets chase you to improve their hot-pursuit driving skills.

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