Quote of the day by Fred Schwed Jr: "Most financial principles and theories have a degree of good sense to them. It may be a large degree, but it never comes close to being absolute."

An Economic Times feature highlights a quote by financial writer Fred Schwed Jr emphasising that investment theories and principles, while useful, are never absolute. The article discusses limitations of frameworks like diversification, efficient market hypothesis, and valuation models, noting that markets often defy conventional logic due to psychology, geopolitics, and unexpected events. The piece advises investors to treat financial principles as flexible tools rather than rigid rules.