There are talks about the madness in the markets, very regularly. People keep asking how long can such madness continue. The rally in the Indian equity markets currently is no exception. The same applies to the US markets, too. The doomsayers have some very strong arguments. But then the bulls also don’t give up. They come up with their logical and equally vehement arguments.
So who will win the battle? Or should one say, who blinks first?
Lord Keynes is believed to have said, “Markets can remain irrational for longer than you can remain solvent.” Often, we hear the argument that, all works out in the long term. Another superb quote attributed to Lord Keynes is related to the “long term”. He is believed to have said, “In the long run, we all are dead.”
For an investor, it is important to be right while one is alive – both biologically as well as financially.
#RidingTheRollerCoaster – 234