The “Unsinkable Molly Brown” was an American socialite and philanthropist who amassed a fortune as a woman at the turn of the 20th Century, when women did not even have the right to vote. Nothing could stop her. She was even a passenger on the Titanic when it sank, yet even that could not sink her, and she survived. If she were a market, she would be the stock market of today

Although it is seemingly impossible to predict when fear and greed will propel markets to irrational levels, the corrections that inevitably follow are themselves predictably rational. Thus, rather than trying to predict when irrational bubbles will form, it makes much more sense to assess when they’ve already formed, and then seek to profit from the pending correction