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Why markets are irrational

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Ad: Create Wealth

This ad reminds me of this immortal quote

“Bright, energetic people—usually quite young—have promised to perform miracles with “other people’s money” since time immemorial. They have usually been able to do it for a while—or at least to appear to have done it—and they have inevitably brought losses to their public in the end.”- from The Intelligent Investor by Ben Graham

 

 

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Chart: Family Matters

Source:Economist

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On Speculation