Money Wisdom #167

"The delusion lies in the conception of time. The great stock-market bull seeks to condense the future into a few days, to discount the long march of history, and capture present value of all future riches. It is in his strident demand for everything right now - to own the future in money right now - that cannot tolerate even the notion of futurity - that dissolves the speculator into the psychopath."

James Buchan Frozen Desire (1997) p.110-111