The Great Depression Ahead by Harry S. Dent Jr

1 minute read

  1. the distribution of returns is NOT always normal and it is NOT true that an event that had not happened before had a zero chance of happening in the future (255)

    1. the market can stay irrational longer than you can stay solvent by John Maynard Keynes (256)

    2. markets have memories by Mandelbrot (269), it is not true that a period is independent from what happened before.

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