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Books Books 1 - 10 of 13 on For most of these persons are, in fact, largely concerned, not with making superior....
" For most of these persons are, in fact, largely concerned, not with making superior long-term forecasts of the probable yield of an investment over its whole life, but with foreseeing changes in the conventional basis of valuation a short time ahead of... "
Complexity, Endogenous Money and Macroeconomic Theory: Essays in Honour of ... - Page 244
edited by - 2006 - 448 pages
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Thoughtful Economic Man: Essays on Rationality, Moral Rules and Benevolence

J. Gay Tulip Meeks - Business & Economics - 1991 - 160 pages
...that these are people who might be relatively well-informed; for 'most of these persons are, in fact, largely concerned not with making superior long-term...valuation a short time ahead of the general public' - they are engaged in "speculation', not 'enterprise', and even 'faith in the conventional basis of...
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Financial Conditions and Macroeconomic Performance: Essays in Honor of Hyman ...

Steven M. Fazzari, Dimitri B. Papadimitriou - Business & Economics - 1992 - 195 pages
...market experts must be concerned "not with making superior long-term forecasts over [an investment's] whole life, but with foreseeing changes in the conventional...valuation a short time ahead of the general public" (1937, 154). Because of this extreme sensitivity to opinion, rumors and snap judgments hold considerable...
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Theories of Political Economy

James A. Caporaso, David P. Levine - Political Science - 1992 - 243 pages
...encourages cumulative movements in asset prices. Professional investors devote their energies not to "making superior long-term forecasts of the probable yield of an investment over its whole life, but [to] foreseeing changes in the conventional basis of valuation a short time ahead of the general public"...
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Institutional Investors and Corporate Governance

Theodor Baums, Richard M. Buxbaum, Klaus J. Hopt - Law - 1994 - 695 pages
...professional investor and speculator are mainly occupied otherwise. For most of these persons are, in fact, largely concerned, not with making superior long-term...valuation a short time ahead of the general public. They are concerned, not with what an investment is really worth to a man who buys it 'for keeps', but...
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John Maynard Keynes, Critical Assessment: Second series

John Cunningham Wood - Keynesian economics - 1994 - 607 pages
...because of an ability to distinguish his own individual case. For most of these persons, are, in fact, largely concerned, not with making superior long-term...valuation a short time ahead of the general public. They are concerned, not with what an investment is really worth . . . but with what the market will...
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Macroeconomics and the Japanese Economy

Hiroshi Yoshikawa - Business & Economics - 1995 - 472 pages
...and 'investor sentiment',-1 'Investor sentiment' is able to affect stock prices because investors are largely concerned not with making superior long-term...yield of an investment over its whole life, but with forecasting changes in the conventional basis of valuation a short time ahead of others. These short-term...
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A Random Walk Down Wall Street: Including a Life-cycle Guide to Personal ...

Burton Gordon Malkiel - Investments. - 1996 - 522 pages
...influence future earnings prospects and dividend payments. As a result, Keynes said, most persons are "largely concerned, not with making superior long-term...a short time ahead of the general public." Keynes, in other words, applied psychological principles rather than financial evaluation to the study of the...
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Teachings from the Worldly Philosophy

Robert L. Heilbroner - Business & Economics - 1996 - 353 pages
...professional investor and speculator are mainly occupied otherwise. For most of these persons are, in fact, largely concerned, not with making superior long-term...valuation a short time ahead of the general public. They are concerned, not with what an investment is really worth to a man who buys it "for keeps", but...
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Fabricating the Keynesian Revolution: Studies of the Inter-war Literature on ...

David Laidler, Laidler David - Business & Economics - 1999 - 380 pages
...ignorant individual left to himself. It happens, however, . . . most of these persons are, in fact, largely concerned, not with making superior long-term...ahead of the general public. (Keynes 1936, p. 154) Thus, Keynes argued, the expectations upon which the marginal efficiency of capital depended were largely...
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Social Science Quotations: Who Said What, When, and Where

David L. Sills, Robert King Merton - Social Science - 2000 - 437 pages
...1972:'l31. 22 The energies and skill of the professional investor and speculator are mainly occupied. . . not with making superior long-term forecasts of the...valuation a short time ahead of the general public. They are concerned, not with what an investment is really worth to a man who buys it "for keeps," but...
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