Friday, February 10, 2012

This Time Is Different

January 30, 2010 by  
Filed under investment advice

This Time Is Different
“Our immersion in the details of crises that have arisen over the past eight centuries and in data on them has led us to conclude that the most commonly repeated and most expensive investment advice ever given in the boom just before a financial crisis stems from the perception that ‘this time is different.’

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