They describe people buying their first homes and filling them with many things.

VOA: special.2010.03.28

Systematically, investors are buying after things have gone up, selling after they've gone down, and the problem is most severe in those funds that show the greatest volatility.

投资者都一窝蜂似的,上涨之后才买进,下跌之后才卖出,对于波动最大的那些基金,问题更严重

耶鲁公开课 - 金融市场课程节选

Systematically, investors are buying after things have gone up, selling after they've gone down, and the problem is most severe in those funds that show the greatest volatility.

投资者都一窝蜂似的,上涨之后才买进,下跌之后才卖出,对于波动最大的那些基金,问题更严重

耶鲁公开课 - 金融市场课程节选