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This Might be the Beginning of Something

Everyone seems to be waiting for something to go wrong, but this sort of thinking is only a function of fear rather than wisdom or foresight. The truth is nobody can predict what’s going to happen next, and when things do finally go wrong it won’t be because the Fed raised rates or the 10-year Treasury yield hit 3%. It’s going to be something totally unexpected, because these things are seldom telegraphed to the world. What the best investors do know is to buy fear and sell greed.


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