typeracer

Pit Stop
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Racer Christian (bugthief)
Race Number 85
Date Fri, 11 Jun 2021 16:33:57 +0000
Speed 92 WPM Try to beat?
Accuracy 97.9%
Rank 1st place (out of 2)
Opponents downeywa (2nd place)

Text typed:

The castle-in-the-air theory of investing concentrates on psychic values. John Maynard Keynes, a famous economist and successful investor, enunciated the theory most lucidly in 1936. It was his opinion that professional investors prefer to devote their energies not to estimating intrinsic values, but rather to analyzing how the crowd of investors is likely to behave in the future and how during periods of optimism they tend to build their hopes into castles in the air. The successful investor tries to beat the gun by estimating what investment situations are most susceptible to public castle-building and then buying before the crowd.
A Random Walk Down Wall Street (book) by Burton G. Malkiel (see stats)

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