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> If you're investing for the long term, you don't care about temporary panics, the price will just come back up again "The market can stay irrational longer

by jey 17y ago

> If you're investing for the long term, you don't care about temporary panics, the price will just come back up again "The market can stay irrational longer than you can stay solvent." -Keynes

bokonist 17y ago
No, that is not true for a smart long term investor. Keynes quote applies to someone making a short term, highly levered play.