Buffett and Parrotheads Referenced on “The Daily Show”

On Wednesday night’s “The Daily Show” on Comedy Central, Jon Stewart referenced Jimmy Buffett concerts and Parrrotheads in an interview with Justin Fox, author of “The Myth of the Rational Market”. They were discussing the financial markets and the herd mentality of those working in the markets:

Fox: A lot of times it’s actually lots of really rational, smart people all working together in vast herds…

Stewart: …become delusional

Fox: Yea

Stewart: It’s like a Jimmy Buffett concert.

Fox: I’ve never been, but ok.

Stewart: You meet the people individually… very nice, but you get them all together and they put on the parrot hats and you’re like “I’m not investing with you idiots”.