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I think most people have that saying the wrong way round. 'The market can temporarily look like it is rational', would seem more accurate.
by lotsofmangos 12y ago
I think most people have that saying the wrong way round. 'The market can temporarily look like it is rational', would seem more accurate.
- lmm 12y agoIf the market goes "rational" where that was what you were betting on, you make money. You go bankrupt when the market "stays irrational", i.e. the stocks you thought were overpriced stay overpriced.