2011, David Lindahl, Emerging Real Estate Markets[1], John Wiley & Sons, →ISBN:
These markets attract a lot of dumb money. These are investors who are buying simply because other people are buying. They're the same people who bought Internet stocks at the peak of the stock market bubble.
2014, Pamela Yellen, The Bank On Yourself Revolution, BenBella Books, Inc., →ISBN, page 27:
When the dumb money is piling into the market, you know it's about to reach a top, and when the dumb money is fleeing the market, a bottom isn't very far away. Dumb money, which is a heck of a lot of investors, misses the mark on both sides.
