3min chapter

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#33: Bill Fleckenstein On Profiting From Central Bank Mistakes

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Moral Hazard of the Economic Cycle

"I just think it's like the farthest things from anyone's mind. I mean, nothing bad ever happens," he says. "There's been sort of this mindless adherence to anything that goes up well ... value-wases don't mean anything."

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