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5min chapter
TIP547: The Truth About Stock Market Forecasts
We Study Billionaires - The Investor’s Podcast Network
The Silent Miracle of Humankind's March
In November of 2009, the S&P 500 traded at around $1,000. Today it is around $4,100 up over 4x. The news media tends to focus on vivid events, rather than on daily improvements in routine goodness in the world. When a trend is gradually improving over time, with periodic sharp dips, people are more likely to pay attention to the dips than the overall improvement. Remember that stocks tend to climb a wall of worry.
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