View Pit Stop page for race #13394 by macfan — Ghost race
| Official speed | 93.10 wpm (82.62 seconds elapsed during race) |
|---|---|
| Race Start | March 16, 2021 10:29:03am UTC |
| Race Finish | March 16, 2021 10:30:26am UTC |
| Outcome | Win (1 of 3) |
| Accuracy | 98.0% |
| Points | 155.17 |
| Text | #749 (Length: 641 characters) 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. |