Quote of the day by John Neff: "When you get to these frenzied markets, it drives managements or portions of managements to hanky-panky"

Economic Times features a quote by value investor John Neff warning that frenzied bull markets can pressure corporate managements into questionable behaviour, including aggressive accounting, inflated projections, or ill-timed acquisitions. The piece, framed as an investor lesson, emphasises maintaining investment discipline, earnings quality assessment, and governance scrutiny during periods of widespread market euphoria. Neff managed the Windsor Fund for over three decades using a disciplined value-investing approach.