A wise man once said to me “Any fool can believe the truth. It takes a genius to believe a palpable lie.” Often times it takes belief in a "lie" to ride a trend that one intellectually disagrees with. “Economic history is a never-ending series of episodes based on falsehoods and lies not truths. It represents the path to big money. The object is to recognize the trend whose premise is false ride that trend and step off before it is discredited.” -George Soros It is said that the two cardinal rules of investing are these: 1) ...![]()
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