Discuss the following quote from the famous economist (and skilled investor) J.M. Keynes; The market can stay
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Question:
Discuss the following quote from the famous economist (and skilled investor) J.M. Keynes; "The market can stay irrational longer than you can stay solvent." Are markets ever irrational? How might we define irrationality? What can be done about (historical) data obtained during periods of irrationality - if irrationality does exist?
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