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#4: Bill Fleckenstein on Central Banks, Financial Bubbles and White Burgundy

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Importance of Timing

Don't waste your capital on ideas you kind of like or you even think might do okay. The longer that I've been at this, the more I find that... It's easy enough to be wrong when you're sure that you're right. So if you go into some situation kind of lukewarm, how the hell are you going to make any money unless you get lucky?

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