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All Hat, No Saddle

  This article focuses not on the imperative of having great investments—that message is easy and low hanging fruit.  The message instead is that over my years we’ve come to understand that investments are actually secondary to the greatest problem investors have: reacting emotionally to markets and not intellectually. Take a look at the almost perfectly juxtaposed graphs embedded below.  They represent; The inevitable rise in the Dow Jones Industrial Average (DJIA) from its great recession low on March 9,…

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