Mark Higgins

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http://www.enlightenedinvestor.com

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“Cognition, misled by tiny changes involving low contrast, will often miss a trend that is destiny.”
Charlie Munger, "Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger"

John Kenneth Galbraith
“As protection against financial illusion or insanity, memory is far better than laws...For protecting people from the cupidity of others and their own, history is highly utilitarian. It sustains memory, and memory serves the same purpose as the SEC, and on the record is far more effective”
John Kenneth Galbraith

“If you don't understand what the professor is saying, don't dismiss the possibility that he might be wrong.”
Paul A. Volcker, Changing Fortunes: The World's Money and the Threat to American Leadership

“Once a majority of players adopts a heretofore contrarian position, the minority view becomes the widely held perspective.”
David Swensen

“There is a prudent maxim of the economic forecaster's trade that is too often ignored: pick a number or pick a date, but never both.”
Paul A. Volcker, Changing Fortunes: The World's Money and the Threat to American Leadership

year in books
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