• Actual quote: "the Stock Exchange revalues many investments every day and the revaluations give a frequent opportunity to the individual (though not to the community as a whole) to revise his commitments. It is as though a farmer, having tapped his barometer after breakfast, could decide to remove his capital from the farming business between 10 and 11 in the morning and reconsider whether he should return to it later in the week."
• The General Theory of Employment, Interest and Money (1935), Ch. 12
If farming were to be organised like the stock market, a farmer would sell his farm in the morning when it was raining, only to buy it back in the afternoon when the sun came out.
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "If farming were to be organised like the stock market, a farmer would sell his farm in the morning when it was raining, only to buy it back in the afternoon when the sun came out." in the context of "Attributed by Hutton, Will (November 2, 2008), Will the real Keynes stand up, not this sad caricature?, publisher: Guardian, retrieved: 2009-02-05
• Actual quote: "the Stock Exchange revalues many investments every day and the revaluations give a frequent opportunity to the individual (though not to the community as a whole) to revise his commitments. It is as though a farmer, having tapped his barometer after breakfast, could decide to remove his capital from the farming business between 10 and 11 in the morning and reconsider whether he should return to it later in the week."
• The General Theory of Employment, Interest and Money (1935), Ch. 12" to mean that wisdom is timeless.
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About John Maynard Keynes