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It is just a matter of irrational markets.
"The moral of this story is that irrational markets can kill you," said one Wall Street analyst who has dealt with both men.
In it, Mr. Cassidy said he asked if it was not time for a business leader like Mr. Ridder "to stand up to irrational markets and redefine financial success".
Consequently, volatile markets must, ipso facto, be irrational markets.
Forbes.com: Value investors typically find bargains during irrational markets.
I was shorting and getting killed because if you're too early, if you're right but too early in any of these things, you can as Keynes said, irrational markets can outlast your liquidity.
Similar(53)
In many ways, it is a totally irrational market".
Competitive hiring of investment bankers contributes to the sometimes irrational market for their services.
If they do, as Argentina argues, then today's spreads and the loss of confidence are just irrational market behaviour.
"We feel we've taken a rational approach whether we're in a rational or irrational market".
We are talking about a government with a long term feasible plan for debt sustainability, faced with an irrational market panic.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com