.. After describing an investor with
the courage to be “eccentric,
unconventional and rash in the eyes of average opinion,” Keynes says
that
his success “will only confirm the general belief in his rashness;
and... if
his decisions are unsuccessful ... he will not receive much mercy.
Worldly wisdom teaches that it is better for reputation to fail
conventionally
than to succeed unconventionally.”
“Against the Gods", Peter Bernstein, John Wiley & Sons, Inc., New
York, 1996
" The great events of history are often due to secular changes in
the
growth of population and other fundamental economic causes, which,
escaping by their gradual character the notice of contemporary
observers, are attributed to the follies of statesman or the fanaticism
of atheists."
p8 "Economic consequences of the peace", J.M Keynes
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