For any sale there will be a buy and vice versa.

tokenadult · on Nov 6, 2013

For any sale there will be a buy and vice versa.

Well, yes, of course, and I think everyone here on Hacker News is aware of that. But the transaction may not occur at the price you desire. "The market can remain irrational longer than you can remain solvent" is still an important idea for investors to keep in mind.

eru · on Nov 6, 2013

Not a price you desire, but always a price you approve of. (Barring margin calls and similar complications.)

rodgerd · on Nov 6, 2013

If the market remains irrational longer than you can stay solvent, the market is no longer irrational.

eru · on Nov 6, 2013

Why? Why should the time my money lasts have any bearing on whether we judge markets rational or not?

marvin · on Nov 7, 2013

...aaaaaaand we are now in the realm of philosophy. This discussion is over ;) "What does the word 'rational' mean?"