Text #749

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.

—from A Random Walk Down Wall Street, a book by Burton G. Malkiel

Active since December 10, 2018.
641 total characters in this text.

View Pit Stop page for this text

Leaders

View ranks through of 2,573
Rank Username WPM Accuracy Date
12. . (megaextremist) 166.39 98% 2021-08-02
13. Shoemaker-Levy 9 (atthetop) 166.18 99% 2021-06-03
14. ๐ŸŒน Black Rose ๐ŸŒน (rosew... 163.97 98% 2020-01-20
15. rocket (mythicalrocket) 163.81 98% 2021-11-27
16. joshu (joshunq) 163.66 97% 2021-01-24
17. ๐Ÿ๐Ÿ๐Ÿ๐Ÿ๐Ÿe (despot) 162.31 100% 2021-08-04
18. Xeogran (xeogran) 159.79 98% 2021-05-10
19. just don't typo 5Head (jash... 157.74 99% 2020-02-15
20. just don't typo 5Head (fres... 157.56 98% 2020-05-13
21. Ibexus - 10000 :) (ibexus) 155.05 98% 2021-11-04
22. PhilliesMagic - Whisper wor... 154.76 99% 2021-06-25
23. Aaron Adams (aaronadams) 154.41 100% 2019-03-05
24. n (carlibou) 154.27 99% 2021-07-18
25. im slo (landarian) 153.50 98% 2021-03-15
26. xehadaw (xehadaw) 152.89 99% 2020-12-21
27. test (nonquit) 152.83 98% 2019-08-02
28. แฃ‡แˆฝเตณ me when lag hasn'... 152.62 98% 2021-08-20
29. Eksany Lara (sany5505) 152.12 99% 2020-02-17
30. Sumit (smtchahal2) 151.17 98% 2022-01-03
31. E C (weihceinre) 150.96 99% 2021-09-11
32. Alex Choi (dogfoodlid) 150.24 99% 2020-06-04
33. john (nothisisjohn) 150.24 99% 2021-05-11
34. big huge guy (hugeawesomeguy) 148.47 99% 2020-03-30
35. Rrraptor (lalabird8) 148.26 97% 2020-06-25
36. ๐Ÿ™‚ (justanothertypist) 146.91 99% 2021-10-14
37. Download my app (jessegarcia) 146.81 99% 2019-05-30
38. (lithox2) 146.69 98% 2021-10-18
39. So you have chosen DEATH (m... 146.61 99% 2021-01-09
40. rain (firewolfrain) 146.57 98.1% 2021-01-28
41. Leonidas (awsomaw) 145.99 98% 2019-01-24

Universes

Universe Races Average WPM First Race
Default (English) 4,318 91.18 December 10, 2018
New Quotes 1 102.45 February 28, 2019