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Markets can remain irrational longer than you can remain solvent. - John Maynard Keynes
by echoangle 4mo ago
Markets can remain irrational longer than you can remain solvent.
- John Maynard Keynes
- eudamoniac 4mo agoThis quote refers to shorting; it's not applicable to every bear position anyone ever attempts to take. You won't go insolvent buying puts.
- echoangle 4mo agoYou won’t go insolvent but you’ll consistently lose money every time the stock doesn’t go down.
- eudamoniac 4mo agoYep, and if you buy stocks you'll consistently lose money when the stock doesn't go up.
- echoangle 4mo agoOnly in opportunity cost, if you buy puts you actually lose dollars.
- moralestapia 4mo agoWhat a great quote man. First time I read something like this. And thanks for crediting the author, now I can go learn more about him.
- benrutter 4mo agoAnother great, if not so relevant quote from JMK: > My only regret in life, is that I did not drink more champagne