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#36: Peter Atwater On The Coming Age Of 'Screwtiny'

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Importance of Fear in the Stock Market

A lot of stock market crashes or major bear markets are precipitated by the uncovering of a fraud. I think that people are still viewing these as one off events, which to me speaks to the fact that we haven't seen the turn yet. And in some ways, I think Germany is dealing with that right now in the aftermath of wire card. That it's just truly too big to overlook.

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