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Keynes was being hounded at a congressional hearing about his opinion and how new information may have changed his opinion. The politician thought he had a gotcha moment then John Maynard Keynes said:
When confronted with new information, I reassess and modify my position. What, sir, do you do when confronted with new information?

Game, set, match to Keynes.

Barry Ritholtz

Fascinating discussion --it has applicability far beyond management science.

This is a terrific mindset for investors, who all too often become way too enamored with their holdings.

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