--- title: "Meaning & Key Takeaway of: I feel no shame at being found still…" description: "\"I feel no shame at being found still owning a share when the bottom of the market comes…I would go much further than that. I should say that it is from..." image: "https://sms4smile.com/quotes/i/9f3/john-maynard-keynes-1380_accepting_i-feel-no-shame-at-being-found-still-own_2884474.jpg" --- # I feel no shame at being found still owning a share when… ![“I feel no shame at being found still owning a share when the bottom of the market comes…I would go much further than that. I should say that it is from time to time the duty of a serious investor to accept the depreciation of his holdings with equanimity and without reproaching himself. … An…” quote by John Maynard Keynes](https://sms4smile.com/quotes/i/9f3/john-maynard-keynes-1380_accepting_i-feel-no-shame-at-being-found-still-own_2884474.jpg) [Download](https://sms4smile.com/quotes/i/9f3/john-maynard-keynes-1380_accepting_i-feel-no-shame-at-being-found-still-own_2884474.jpg) [Open image](https://sms4smile.com/quotes/i/9f3/john-maynard-keynes-1380_accepting_i-feel-no-shame-at-being-found-still-own_2884474.jpg) > “I feel no shame at being found still owning a share when the bottom of the market comes…I would go much further than that. I should say that it is from time to time the duty of a serious investor to accept the depreciation of his holdings with equanimity and without reproaching himself. … An investor…should be aiming primarily at long-period results, and should be solely judged by these.” [John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Investors should accept losses calmly and focus on long‑term outcomes rather than short‑term fluctuations. **In simple terms:** Accept loss, think long term. Key Takeaway Prioritize long‑term results. Themes investment patience valuation Mood analytical pragmatic Type financial motivational When to use this quote - stock market downturns - retirement planning - portfolio rebalancing - economic cycles Key Concepts risk management equanimity Questions to Reflect On - How can investors cultivate equanimity? - What strategies help maintain long‑term focus? A Different Perspective It may ignore the psychological difficulty of watching assets decline. ★ ★ ★ ★ ★ No ratings yet [Accept Depreciation](https://sms4smile.com/quotes/about/accept-depreciation-4016718/) [Accepting](https://sms4smile.com/quotes/about/accepting/) [Bottom](https://sms4smile.com/quotes/about/bottom/) [Customer](https://sms4smile.com/quotes/about/customer/) [Depreciation](https://sms4smile.com/quotes/about/depreciation/) [Depreciation Holdings](https://sms4smile.com/quotes/about/depreciation-holdings-4016719/) [Duty](https://sms4smile.com/quotes/about/duty/) [Equanimity](https://sms4smile.com/quotes/about/equanimity/) [Feels](https://sms4smile.com/quotes/about/feels/) [Found](https://sms4smile.com/quotes/about/found/) [Investing](https://sms4smile.com/quotes/about/investing/) [Investor Accept](https://sms4smile.com/quotes/about/investor-accept-4016716/) [Investor Aiming](https://sms4smile.com/quotes/about/investor-aiming-4016717/) [Investors](https://sms4smile.com/quotes/about/investors/) [Judged](https://sms4smile.com/quotes/about/judged/) [Long](https://sms4smile.com/quotes/about/long/) [Owning Share](https://sms4smile.com/quotes/about/owning-share-4016720/) [Periods](https://sms4smile.com/quotes/about/periods/) [Results](https://sms4smile.com/quotes/about/results/) [Serious](https://sms4smile.com/quotes/about/serious/) [Shame](https://sms4smile.com/quotes/about/shame/) [Share](https://sms4smile.com/quotes/about/share/) [Should](https://sms4smile.com/quotes/about/should/) [Stills](https://sms4smile.com/quotes/about/stills/) ## Related quotes > [“In the 1954 Internal Revenue Code, a Republican Congress changed forty-year, straight-line depreciation for buildings to permit 'accelerated depreciation' of greenfield income-producing property in…](https://sms4smile.com/quotes/dolores-hayden/in-the-1954-internal-revenue-code-a-republican-congress-changed-forty/) [Dolores Hayden](https://sms4smile.com/quotes/author/dolores-hayden/) > [Government should stand behind its currency and credit and the bank deposits of the nation. No individual should suffer a loss of money through…](https://sms4smile.com/quotes/abraham-lincoln/government-should-stand-behind-its-currency-and-credit-and-the-bank/) [Abraham Lincoln](https://sms4smile.com/quotes/author/abraham-lincoln/) > [There are two types of depreciation. There is one where you're manipulating currencies. And that's not what Japan is doing.](https://sms4smile.com/quotes/jamie-dimon/there-are-two-types-of-depreciation-there-is-one-where-you-re/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [He took pains to avoid self-depreciation, self-mockery, ambiguity, irony, subtlety, vulnerability, a civilized world-weariness and a tragic sense of history--the very things, he says,…](https://sms4smile.com/quotes/don-delillo/he-took-pains-to-avoid-self-depreciation-self-mockery-ambiguity-irony/) [Don DeLillo](https://sms4smile.com/quotes/author/don-delillo/) > [ A dramatic unwinding of that relationship \[between USA and China\], by way of an aggressive trade policy, is one of the nightmare scenarios for… ](https://sms4smile.com/quotes/judy-woodruff/a-dramatic-unwinding-of-that-relationship-between-usa-and-china-by/) [Judy Woodruff](https://sms4smile.com/quotes/author/judy-woodruff/) > [The foundation of humility is truth. The humble man sees himself as he is. 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There can be negative tax…](https://sms4smile.com/quotes/joel-achenbach/lobbyists-know-that-a-0-percent-tax-rate-on-capital-income-is-not-in/) [Joel Achenbach](https://sms4smile.com/quotes/author/joel-achenbach/) > [Starting in the '80s or so, after the United States sharply cut its rates, other countries decided they better do it too, and here's…](https://sms4smile.com/quotes/t-r-reid/starting-in-the-80s-or-so-after-the-united-states-sharply-cut-its/) [T.R. Reid](https://sms4smile.com/quotes/author/t-r-reid/) > [The idea that information can be stored in a changing world without an overwhelming depreciation of its value is false. It is scarcely less…](https://sms4smile.com/quotes/norbert-wiener/the-idea-that-information-can-be-stored-in-a-changing-world-without/) [Norbert Wiener](https://sms4smile.com/quotes/author/norbert-wiener/) > [I've heard time and again from small business owners in Ohio that extending bonus depreciation is the single biggest factor in allowing their businesses…](https://sms4smile.com/quotes/pat-tiberi/i-ve-heard-time-and-again-from-small-business-owners-in-ohio-that/) [Pat Tiberi](https://sms4smile.com/quotes/author/pat-tiberi/) > [The inclination to self-depreciation, to freely accepting being robbed, being duped, and being swindled, could be the modesty of a god among men.](https://sms4smile.com/quotes/friedrich-nietzsche/the-inclination-to-self-depreciation-to-freely-accepting-being-robbed/) [Friedrich Nietzsche](https://sms4smile.com/quotes/author/friedrich-nietzsche/) > [If you're a full-time manager of your own property - and full-time, according to Congress, is 15 hours a week - you can take…](https://sms4smile.com/quotes/hillary-clinton/if-you-re-a-full-time-manager-of-your-own-property-and-full-time/) [Hillary Clinton](https://sms4smile.com/quotes/author/hillary-clinton/) > [A major way that losses are generated in real estate ventures is through depreciation, which is supposed to reflect the way that assets lose…](https://sms4smile.com/quotes/james-b-stewart/a-major-way-that-losses-are-generated-in-real-estate-ventures-is/) [James B. Stewart](https://sms4smile.com/quotes/author/james-b-stewart/) ## More by John Maynard Keynes > [Once we allow ourselves to be disobedient to the test of an accountant's profit, we have begun to change our civilization.](https://sms4smile.com/quotes/john-maynard-keynes/once-we-allow-ourselves-to-be-disobedient-to-the-test-of-an/) [John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/) > [If you owe your bank manager a thousand pounds, you are at his mercy. 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We shall…](https://sms4smile.com/quotes/john-maynard-keynes/when-the-accumulation-of-wealth-is-no-longer-of-high-social/) [John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/) > [Of the maxims of orthodox finance none, surely, is more anti-social than the fetish of liquidity, the doctrine of that it is a positive…](https://sms4smile.com/quotes/john-maynard-keynes/of-the-maxims-of-orthodox-finance-none-surely-is-more-anti-social/) [John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/) > [The outstanding faults of the economic society in which we live are its failure to provide for full employment and its arbitrary and inequitable…](https://sms4smile.com/quotes/john-maynard-keynes/the-outstanding-faults-of-the-economic-society-in-which-we-live-are/) [John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/) > [I conceive, therefore, that a somewhat comprehensive socialisation of investment will prove the means of securing an approximation to full employment.](https://sms4smile.com/quotes/john-maynard-keynes/i-conceive-therefore-that-a-somewhat-comprehensive-socialisation-of/) [John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/) > [Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.](https://sms4smile.com/quotes/john-maynard-keynes/capitalism-is-the-astounding-belief-that-the-most-wickedest-of-men/) [John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/) > [Economics is a very dangerous science.](https://sms4smile.com/quotes/john-maynard-keynes/economics-is-a-very-dangerous-science/) [John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/) > [Whenever you save five shillings you put a man out of work for a day.](https://sms4smile.com/quotes/john-maynard-keynes/whenever-you-save-five-shillings-you-put-a-man-out-of-work-for-a-day/) [John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/) [Explore all 246 John Maynard Keynes quotes ](https://sms4smile.com/quotes/author/john-maynard-keynes/) ## More Accepting quotes > [From Augustine down, theologians have tried to compel people to accept their special interpretation of the Scripture, and the tortures of the inquisition, the…](https://sms4smile.com/quotes/matilda-joslyn-gage/from-augustine-down-theologians-have-tried-to-compel-people-to-accept/) [Matilda Joslyn Gage](https://sms4smile.com/quotes/author/matilda-joslyn-gage/) > [Laughing, laughing, laughing, laughing! It is the jester! A voice from the Void, to cheer poor Cicero! I accept your gift, dearest Night Mother.…](https://sms4smile.com/quotes/marcus-tullius-cicero/laughing-laughing-laughing-laughing-it-is-the-jester-a-voice-from-the/) [Marcus Tullius Cicero](https://sms4smile.com/quotes/author/marcus-tullius-cicero/) > [This duo inside of me causes the perfect opportunity to live and learn twice as fast as those who choose to accept simplicity.](https://sms4smile.com/quotes/tupac-shakur/this-duo-inside-of-me-causes-the-perfect-opportunity-to-live-and/) [Tupac Shakur](https://sms4smile.com/quotes/author/tupac-shakur/) > [There is something about the South that accepts the supernatural. If you don't accept it and you're having a conversation with someone who does,…](https://sms4smile.com/quotes/alice-englert/there-is-something-about-the-south-that-accepts-the-supernatural-if/) [Alice Englert](https://sms4smile.com/quotes/author/alice-englert/) > [We only enter into the full life if our faith gives thanks. Because how else do we accept His free gift of salvation if…](https://sms4smile.com/quotes/ann-voskamp/we-only-enter-into-the-full-life-if-our-faith-gives-thanks-because/) [Ann Voskamp](https://sms4smile.com/quotes/author/ann-voskamp/) > [Don't be bitter. Everybody suffers. If you can accept your suffering then you will understand other people better. Be grateful for pain. Love life.](https://sms4smile.com/quotes/stephen-colbert/don-t-be-bitter-everybody-suffers-if-you-can-accept-your-suffering/) [Stephen Colbert](https://sms4smile.com/quotes/author/stephen-colbert/) > [It takes an unusually philosophic mind to accept that all one’s suffering might be to no end, really, in the larger scheme of things.](https://sms4smile.com/quotes/anonymous/it-takes-an-unusually-philosophic-mind-to-accept-that-all-one-s/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [No nation being under another nation can accept gifts, and kick at the responsibility attached to those gifts, imposed by the conquering nation.](https://sms4smile.com/quotes/mahatma-gandhi/no-nation-being-under-another-nation-can-accept-gifts-and-kick-at-the/) [Mahatma Gandhi](https://sms4smile.com/quotes/author/mahatma-gandhi/) > [Even with clothing naked animals, there were people who wanted to send in money. A woman in Santa Barbara, California, sent a $40,000 check.…](https://sms4smile.com/quotes/alan-abel/even-with-clothing-naked-animals-there-were-people-who-wanted-to-send/) [Alan Abel](https://sms4smile.com/quotes/author/alan-abel/) > [Society understands the architecture of academia and knows there are relevant qualifications in different fields, and the media accepts the idea of specialisations and…](https://sms4smile.com/quotes/jay-griffiths/society-understands-the-architecture-of-academia-and-knows-there-are/) [Jay Griffiths](https://sms4smile.com/quotes/author/jay-griffiths/) > [Whatever your conscious mind assumes and believes to be true, your subconscious mind will accept and bring to pass. 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I totally…](https://sms4smile.com/quotes/pirjo-honkasalo/as-my-films-are-born-at-the-moment-when-they-are-reflected-into/) [Pirjo Honkasalo](https://sms4smile.com/quotes/author/pirjo-honkasalo/) [Browse all 6,788 Accepting quotes ](https://sms4smile.com/quotes/about/accepting/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "I feel no shame at being found still owning a share when the bottom of the market comes…I would go much further than that. 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