specialists. In all speculative episodes there is always an element of pride in discovering what is seemingly new and greatly rewarding in the way of… - John Kenneth Galbraith

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Engraved portrait of John Kenneth Galbraith, facing left

specialists. In all speculative episodes there is always an element of pride in discovering what is seemingly new and greatly rewarding in the way of financial instrument or investment opportunity. The individual or institution that does so is thought to be wonderfully ahead of the mob.

English
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About John Kenneth Galbraith

John Kenneth Galbraith (15 October 1908 – 29 April 2006) was a Canadian-American economist and author.

Biography information from Wikiquote · Portrait adapted from Wikimedia Commons, Published by Houghton Mifflin Company. Photographer is unknown. (Public domain / CC0)

Also Known As

Alternative Names: John K. Galbraith John Galbraith J. K. Galbraith Ken Galbraith

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Additional quotes by John Kenneth Galbraith

Prices driven up by the expectation that they would go up, the expectation realized by the resulting purchases. Then the inevitable reversal of these expectations because of some seemingly damaging event or development or perhaps merely because the supply of intellectually vulnerable buyers was exhausted.

The traveler to the United States will do well, however, to prepare himself for the class-consciousness of the natives. This differs from the already familiar English version in being more extreme and based more firmly on the conviction that the class to which the speaker belongs is inherently superior to all others.

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