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A follow-the-leader process develops as firms and households see that others are profiting from speculative purchases. ‘There is nothing as disturbing to one’s well-being and judgment as to see a friend get rich.’ Unless it is to see a nonfriend get rich.

— Charles P. Kindleberger

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Attribution

Quote text and notes from Wikiquote: Charles P. Kindleberger (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.