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For any sale there will be a buy and vice versa. Well, yes, of course, and I think everyone here on Hacker News is aware of that. But the transaction may not o

For any sale there will be a buy and vice versa. Well, yes, of course, and I think everyone here on Hacker News is aware of that. But the transaction may not occur at the price you desire. "The market can remain irrational longer than you can remain solvent" is still an important idea for investors to keep in mind.

eru 13y ago
Not a price you desire, but always a price you approve of. (Barring margin calls and similar complications.)
rodgerd 13y ago
If the market remains irrational longer than you can stay solvent, the market is no longer irrational.
- eru 13y ago
  Why? Why should the time my money lasts have any bearing on whether we judge markets rational or not?
  - marvin 13y ago
    ...aaaaaaand we are now in the realm of philosophy. This discussion is over ;) "What does the word 'rational' mean?"