There’s a famous quote attributed to John Maynard Keynes – “Markets can remain irrational longer than you can remain solvent.” Is it so? Pretty much. Robert Shiller published a paper in 1996 warning Buy-and-Holders that, if they stuck with their high stock allocations despite the high stock valuations of the… Continue reading Markets Can Remain Irrational for a Long Time – But We Can Change That
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