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As Keynes (or someone else [1]) said in a somewhat different context, "The market can remain irrational longer than you can remain solvent." [1] http://quotein
by my_first_acct 10y ago
As Keynes (or someone else [1]) said in a somewhat different context, "The market can remain irrational longer than you can remain solvent."
[1] http://quoteinvestigator.com/2011/08/09/remain-solvent/ http://quoteinvestigator.com/2011/08/09/remain-solvent/
- pandaman 10y agoIn arbitrage you make money from the market being irrational so remaining solvent could not be a concern for somebody doing it. It's for the market being arbitraged to become rational or become insolvent.