There is nothing so disastrous as a rational investment policy in an i…

John Maynard Keynes
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There is nothing so disastrous as a rational investment policy in an irrational world.
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But my lord, when we addressed this issue a few years ago, didn't you argue the other side? He said, That's true, but when I get more evidence I sometimes change my mind. What do you do?
The markets are moved by animal spirits, and not by reason. ✨ The General Theory of Employment, Interest and Money. Book by John Maynard Keynes, Book 4, Chapter 12, Section 7, p. 161, February 1936.
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