Understanding the Great Panic of 2008

The Great Panic of 2008 is now seriously over-rated. If you manage to keep a cool head and act logically, then not only will you minimise your losses, you will lay the foundations of making big profits in the future. But if you too panic and become part of the herd, then your losses will become permanent and it will take years for you to get back to getting good returns from your investments. All around us there are investors who have surrendered to a helpless sense of desperation. They aren't even trying to understand what's happening and why it is happening. Suddenly, it's the time to sell and sell at any price.