Quote of the day by Edward Thorp: "Hoaxes, frauds, manias, and other large-scale financial irrationalities have been with us from the beginnings of the markets in the seventeenth century, long before the Internet."

An educational feature highlights Edward Thorp's observation that financial manias, hoaxes, and irrationality are not modern phenomena but recurring patterns driven by unchanging human emotions like greed, fear, and FOMO. The article notes that while technology accelerates the spread of excitement and panic, it does not alter the underlying psychology of speculative behavior, urging investors to focus on fundamentals, valuation, and risk management.