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Quote by Bernardine Dohrn

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Bernardine Dohrn
Bernardine Dohrn

Bernardine Dohrn is a renowned law professor specializing in environmental law and civil rights. Born on January 12, 1942, she has made substantial contributions to the legal field and is an advocate for social justice issues. more

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“The generally accepted view is that markets are always right -- that is, market prices tend to discount future developments accurately even when it is unclear what those developments are. I start with the opposite view. I believe the market prices are always wrong in the sense that they present a biased view of the future.”

BelieveI BelieveViewsDevelopmentOppositesInvestingAcceptedBiasedDiscountsAlways WrongUnclearFuture Development
Book:The Alchemy of Finance: Reading the Mind of the Market
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“Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test. The main difference is that the hypothesis that underlies an investment decision is intended to make money and not to establish a universally valid generalization.”

DifferencesDecisionTestsInvestmentInvestingPracticalsMaking MoneyHypothesisGeneralization
Book:The Alchemy of Finance: Reading the Mind of the Market
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