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“[Fools] wanna bring the 80’s back; it’s ok with me that’s where they made me at”
--Jay Z
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I know you’ve been anxiously awaiting the Molifeney summary for Chapters 5 and 6 of The Intelligent Investor. So here you go, you can thank me later.
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In chapter three Graham cautions about being overly optimistic when the market is in a bull run. Using the past to identify trends is one thing, but using the past to predict the future is another. Anybody that knows anything about the stock market will tell you they have no idea what the market is going to do from day to day. If an advisor or a broker says that the market “always goes up” be very wary. The market does indeed go down. Be anxious when everyone is overly optimistic and optimistic when everyone is anxious. Ya dig?
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It’s been awhile since the last movie review so Dash sends his apologizes to you. With so much craziness in the housing and stock markets these days it is hard to focus on much else. I’ve always found a good way to take your mind off of things is to pop in a good movie, grab a cold beverage and some snacks and chill.
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