"In economics, the majority is always wrong"

John Kenneth Galbraith's quote "In economics, the bulk is always wrong" is a tip that the majority opinion is not constantly the appropriate one. This quote is a tip that financial choices must not be based upon popular opinion, but rather on sound economic concepts. It is essential to bear in mind that the majority opinion is often swayed by emotion and short-term thinking, while sound economic concepts are based upon long-term analysis and information. This quote is a reminder that economic decisions ought to be based on realities and information, not on popular viewpoint. It is likewise a tip that financial decisions should be made with a long-lasting view in mind, as short-term choices can typically lead to long-term effects. Eventually, this quote works as a suggestion that economic decisions ought to be made with careful factor to consider and analysis, not based on popular opinion.