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Do we need to change our minds about index funds?

Making Money

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Lessons from the Economists: Navigating Market Turbulence

This chapter examines the contrasting investment strategies of renowned economists Irving Fisher and John Maynard Keynes during pivotal market events, highlighting the impact of adaptability in finance. It emphasizes the significance of humility and foresight in investment decisions, especially during bear markets, while reflecting on historical economic bubbles and their consequences. The discussion also addresses changes in productivity, wealth distribution, and labor dynamics, illustrating the long-term implications of these economic shifts.

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