CONSUELO MACK: This week on WealthTrack, after 40 years of sailing the world and finding big investment ideas in small out of the way companies, Great Investor Chuck Royce shares the lessons learned and sea changes he’s experienced. Small cap legend Chuck Royce is next on Consuelo Mack WealthTrack.
Hello and welcome to this edition of WealthTrack, I’m Consuelo Mack. One of my favorite financial quotations is: “the market can stay irrational longer than you can stay solvent.” It is attributed to British economist John Maynard Keynes who in his mid-30’s almost went bankrupt speculating in currencies on margin. According to his biographers, Keynes was a lifelong speculator who made and lost several fortunes.