The following is an excerpt from the July issue of The Sizemore Investment Letter.
You will have to pardon me if I am a little sentimental this month. You see, dear reader, it is that time of year again. July 6 marks the beginning of the Feria de San Fermin. For one full week, thousands of otherwise sensible young men—and plenty of not-so young men too—will throw reason and commonsense to the wind to run with the bulls through the streets of Pamplona.
There is a widespread—and false—belief that the boys who participate in the encierro are drunk. Surely, no sober person would do something as phenomenally stupid as run in front of a 2,000-pound charging bull. Yet sober they are. The running of the bulls kicks off at 8:00 am, and at that hour the drunks are still passed out in the park from the excesses of the night before.
Why do they do it?
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