Quote of the day by John Kenneth Galbraith: "What we do know is that speculative episodes never come gently to an end. The wise, though for most the improbable, course is to assume the worst."

An Economic Times 'Quote of the Day' feature highlights John Kenneth Galbraith's caution that speculative episodes never end gently, urging investors to prepare for sharp corrections. The piece draws parallels to historical bubbles such as the dot-com era and the global financial crisis. It advises disciplined risk management amid current interest rate uncertainty and geopolitical risks.