When the facts change, I change my mind - what do you do, sir?
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Cramer explains why investors should live by these words of the late, great economist John Maynard Keynes.
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Real options analysis values flexibility explicitly, enabling better decision making in infrastructure investment compared with standard techniques used to appraise commercial and government investments.
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When COVID-19, aka the Wuhan coronavirus, first emerged, it seemed most likely that the virus would fizzle out. But as the disease continues to spread, that outcome now appears nearly impossible.
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I attributed this quote to the economist John Maynard Keynes in my last Weekly Comment in August (“As per John Maynard Keynes, change your mind - portfolio positioning - when the facts change. But not before”).
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Writing for Business Insider on September 29th, Grace Wyler correctly reports a Churchill misquote by presidential candidate Mitt Romney. Defending himself from charges that he is a “flip-flopper,” Wyler writes, Romney confused “the Brit every Republican loves with the Brit every Republican loves to hate.” Romney said: “In the private sector, if you don’t change […]
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