3 min read.Updated: 31 May 2021, 05:49 AM ISTArun Kumar R.
Once every 7-10 years, equity markets have seen sharp, temporary falls of 30-60%
In the early 1900s, chicken farmers had a major problem. Their chickens were killing each other! The chickens had a tendency to attack their housemates by pecking away at an injured bird’s feathers, devouring its flesh and eventually killing the attacked bird. Once a chicken was wounded, a strange thing happened. The sight of blood encouraged the entire flock to peck at the injured one, leading to an inevitable death.