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Squibs "You make most of your money in a bear market; you just don’t realize it at the time." —Shelby Cullom Davis ******************************** The Three Great Lessons of 2007-2009 1. All of life is a "black swan" event. The most decisive realities, for good and ill, come at you out of deepest left field. 2. You do not know what you do not know. 3. There is no such thing as a "standard" deviation. |
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