> The pain is temporary at worst. To paraphrase the quote "the market can remain irrational longer than you can remain solvent", the pain can remain temporary

> The pain is temporary at worst. To paraphrase the quote "the market can remain irrational longer than you can remain solvent", the pain can remain temporary for a long time. To go along with the example, it could take decades of subsidies in US solar panel research before the US has anything that can compete with or out-compete contemporary Chinese solar panels on a more-or-less level playing field, in the international market. Because of US's unwillingness to match subsidies and allowing Chinese solar panels to out-sell them, in this example, they concede decades of industry dominance and the simultaneous ability to acquire state of the art advances (bright minds and new knowledge).