Scepticism and pessimism aren’t synonymous. Scepticism calls for pessimism when optimism is excessive. But it also calls for optimism when pessimism is excessive.
Howard S. Marks – American investor, Co-Chairman Oaktree Capital Management (b. 1946), from “The Most Important Thing Illuminated: Uncommon Sense for the Thoughtful Investor” (2012), Quotations book 2018