“The market can stay irrational longer than you can stay solvent” is a much used and abused market saying. It is often employed when pundits perceive that some actions by investors are irrational in the face of data. However, being irrational can sometimes be the “rational” thing to do for investors.
"Idiocy of the masses" or "masses of idiots"?
"Idiocy of the masses" or "masses of…
"Idiocy of the masses" or "masses of idiots"?
“The market can stay irrational longer than you can stay solvent” is a much used and abused market saying. It is often employed when pundits perceive that some actions by investors are irrational in the face of data. However, being irrational can sometimes be the “rational” thing to do for investors.