{"id":16,"date":"2023-09-02T14:13:30","date_gmt":"2023-09-02T14:13:30","guid":{"rendered":"https:\/\/karolpelc.com\/notes\/?p=16"},"modified":"2024-07-31T17:12:13","modified_gmt":"2024-07-31T17:12:13","slug":"gravitating-towards-the-rational-outcomes","status":"publish","type":"post","link":"https:\/\/karolpelc.com\/notes\/2023\/09\/02\/gravitating-towards-the-rational-outcomes\/","title":{"rendered":"Gravitating towards the rational outcomes"},"content":{"rendered":"\n<p>Markets and securities are often overbought or oversold, and they can maintain or extend those conditions for a long time. The outcomes that are more likely to happen may not happen until long after they first became likely. Markets can have a long time lags before turning around and reaching levels supported by a well-reasoned conclusion.<\/p>\n\n\n\n<p>There are two famous quotes describing this:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8220;Being too far ahead of your time is indistinguishable from being wrong&#8221; by Howard Marks<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8220;Markets can stay irrational longer than you can stay solvent.&#8221; by John Maynard Keynes<\/li>\n<\/ul>\n\n\n\n<p> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Markets and securities are often overbought or oversold, and they can maintain or extend those conditions for a long time. The outcomes that are more likely to happen may not happen until long after they first became likely. Markets can have a long time lags before turning around and reaching levels supported by a well-reasoned [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[16,17],"tags":[15,13,14],"class_list":["post-16","post","type-post","status-publish","format-standard","hentry","category-markets","category-trend","tag-equities","tag-markets","tag-trends"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/karolpelc.com\/notes\/wp-json\/wp\/v2\/posts\/16","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/karolpelc.com\/notes\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/karolpelc.com\/notes\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/karolpelc.com\/notes\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/karolpelc.com\/notes\/wp-json\/wp\/v2\/comments?post=16"}],"version-history":[{"count":2,"href":"https:\/\/karolpelc.com\/notes\/wp-json\/wp\/v2\/posts\/16\/revisions"}],"predecessor-version":[{"id":48,"href":"https:\/\/karolpelc.com\/notes\/wp-json\/wp\/v2\/posts\/16\/revisions\/48"}],"wp:attachment":[{"href":"https:\/\/karolpelc.com\/notes\/wp-json\/wp\/v2\/media?parent=16"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/karolpelc.com\/notes\/wp-json\/wp\/v2\/categories?post=16"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/karolpelc.com\/notes\/wp-json\/wp\/v2\/tags?post=16"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}