📢 Two investors are sitting in a bar: a seasoned one with gray hair and a young rookie who just finished courses.

— Listen, — says the rookie, — you are so experienced. Tell me, how do you always manage to make such profitable deals? What’s your secret?

The seasoned one sips his beer and replies: — It's very simple. I always buy when everyone is selling in panic and sell when everyone thoughtlessly buys in euphoria.

The rookie scratches his head thoughtfully: — So when does this so-called 'panic' and 'euphoria' happen? How do you determine them?

The experienced investor smiles mysteriously: — Well, for that, I have my neighbor Vasya. When Vasya, who has been saving for a vacation all his life, suddenly starts telling me about the wonders of the stock market and asks where he should invest — that's a sure sign of euphoria. And when Vasya, who has never been interested in the news, suddenly runs to me with wide eyes and screams: 'It's all gone, we need to sell immediately!' — that's panic!