Average Quote by John Maynard Keynes
“It is the long term investor who will in practice come in for the most criticism. For it is the essence of his behaviour that he should be eccentric, unconventional and rash in the eyes of the average opinion. If he is successful, that will only confirm the general belief in his rashness; and if in the short run he is unsuccessful, which is very likely, he will not receive much mercy. Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.”
About This Quote
Source Essay: General Theory of Employment, Interest and Money, 1936
Long‑term investors often face harsh criticism because their unconventional, risky approaches clash with mainstream expectations, yet this eccentricity can be essential for success.
In simple terms: Unconventional investors get blamed, but risk can pay off.
Key Takeaway
Accept and manage criticism while staying true to your strategy.
Themes
risk
investing
reputation
convention
long term
eccentricity
Mood
cautious
reflective
Type
analytical
philosophical
When to use this quote
- stock market
- venture capital
- private equity
- long‑term portfolio management
Key Concepts
behavioral finance
market cycles
psychology of investing
Questions to Reflect On
- Do you prioritize reputation over innovative risk?
- How can you protect your strategy from short‑term backlash?
A Different Perspective
Criticism may lead to premature exits or loss of confidence.
