"Incorporate this however you’d like, either as some future value bonus or future discount factor risk, but the mood of the masses must to be included. And with

"Incorporate this however you’d like, either as some future value bonus or future discount factor risk, but the mood of the masses must to be included. And with that, what might be a good investment opportunity in isolation, isn’t." The paragraph above is the final conclusion of the post. It strikes me this is largely a restatement the following words of wisdom attributed to the economist John Maynard Keynes: The market can remain irrational longer than you can remain solvent. In some ways this is similar to being way too early with a technical innovation. The lack of traction or uptake in the market can last longer than your runway. I've been there.