John Maynard Keynes Quote

A conventional valuation which is established as the outcome of the mass psychology of a large number of ignorant individuals is liable to change violently as the result of a sudden fluctuation of opinion due to factors which do not really make much difference to the prospective yield; since there will be no strong roots of conviction to hold it steady.


The collected writings of John Maynard Keynes (ed. 1971)


A conventional valuation which is established as the outcome of the mass psychology of a large number of ignorant individuals is liable to change...

A conventional valuation which is established as the outcome of the mass psychology of a large number of ignorant individuals is liable to change...

A conventional valuation which is established as the outcome of the mass psychology of a large number of ignorant individuals is liable to change...

A conventional valuation which is established as the outcome of the mass psychology of a large number of ignorant individuals is liable to change...