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Investing Quote by Justice Holmes

“[W]hen men have realized that time has upset many fighting faiths, they may come to believe . . . that the best test of truth is the power of the thought to get itself accepted in the competition of the market, and that truth is the only ground upon which their wishes safely can be carried out.” quote by Justice Holmes
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“[W]hen men have realized that time has upset many fighting faiths, they may come to believe . . . that the best test of truth is the power of the thought to get itself accepted in the competition of the market, and that truth is the only ground upon which their wishes safely can be carried out.”

Justice Holmes

About This Quote

Truth is tested by market acceptance; the best test is whether an idea can survive competition.

In simple terms: Truth succeeds if it wins market competition.

Key Takeaway

Test ideas in real-world contexts.

Themes

law economics philosophy truth market dynamics

Mood

critical thoughtful pragmatic

Type

Investing:0 Religion:0 Time:0 Truth:1 Believe Best:0 Test Truth:1 Fighting Faiths:0 Faiths Come:0 Market Truth:1

When to use this quote

  • policy making
  • business strategy
  • public discourse

Key Concepts

competition public opinion belief systems truth validation

Questions to Reflect On

  • How does profit influence truth?
  • Can unpopular ideas be true?
A Different Perspective

Market forces may not reflect moral truth.

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