5 ms·
I've heard a phrase that I think paints a parallel picture. "The market can remain irrational longer than you can remain solvent" Sure businesses are supposed
by msandford 4y ago
I've heard a phrase that I think paints a parallel picture.
"The market can remain irrational longer than you can remain solvent"
Sure businesses are supposed to be cruel uncaring bean counting machines. But they're corrupted by all these damn apes that make all the decisions. There's no law of economics that that's that humans have to act in a perfectly rational self interest. It's an assumption that many economic theories make, for various reasons but it's far from inviolable.
- sublinear 4y agoWhat about the current economic climate makes you think anyone can afford to be irrational?