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#5: Tom McClellan on Engineering Effective Stock Market Models

Superinvestors and the Art of Worldly Wisdom

CHAPTER

Super Investors in the Art of Worldly Wisdom

Jesse Felder: I'd much rather have the Fed do what it's supposed to do instead of monkeying around with my indicators. The decline that they were forecasting did not happen. So now you might take the position that, well, good for the Fed, they printed over a decline that was going to ruin a lot of people and that's what they should do. Billy Ray McClellan: Man looks in the abyss. There's nothing staring back at him. At that moment, man finds his character. And that is what keeps him out of the abyss.

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