4 ms·

Because it assumes a rational market. And the market can stay irrational longer than you can stay solvent.

• pksebben 6y ago
  who is this a quote of? seems like common knowledge here.
  • neosat 6y ago
    I believe John Maynard Keynes
  • grzm 6y ago
    Often attributed to Keynes, though it looks like it was likely Gary Shilling: https://quoteinvestigator.com/2011/08/09/remain-solvent/ https://quoteinvestigator.com/2011/08/09/remain-solvent/
    • pksebben 6y ago
      Thanks for the good refs!