Markets can remain irrational a lot longer than you and I can remain solvent.
John Maynard Keynes (1883-1946) English economist
(Attributed)
Generally credited to Keynes, but the earliest reference found is by financial analyst A. Gary Shilling, "Scoreboard," Forbes (15 Feb 1993). More discussion here.
Sometimes given as "Markets can remain irrational longer than you can remain solvent" or "Markets can stay irrational longer than you can stay solvent."
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Reasoning will never make a Man correct an ill Opinion, which by Reasoning he never acquired.
Jonathan Swift (1667-1745) English writer and churchman
“Letter to a Young Clergyman” (9 Jan 1720)
(Source)
Earliest version of this general sentiment, which has been attributed to (or at times borrowed by) figures such as Sydney Smith, Fisher Ames, and Lyman Beecher.
For more information about this quotation: You Cannot Reason People Out of Something They Were Not Reasoned Into – Quote Investigator.
The way to see by faith is to shut the eye of reason.
Benjamin Franklin (1706-1790) American statesman, scientist, philosopher, aphorist
Poor Richard’s Almanack (1758)
Those who will not reason
Perish in the act:
Those who will not act
Perish for that reason.W. H. Auden (1907-1973) Anglo-American poet [Wystan Hugh Auden]
“Shorts” (1974)
