Quote of the day by John Kenneth Galbraith: “What we do know is that speculative episodes never come gently to an end. The wise, though for most the improbable, course is to assume the worst.”
Economist John Kenneth Galbraith warned that speculative market episodes never end gently. History shows excessive optimism often leads to sudden and painful market reversals. Investors should remain disciplined and prepare for adverse scenarios during market euphoria. This cautious approach helps preserve capital and prevents emotional investment decisions. Galbraith’s message remains relevant as markets navigate current…