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Ten Great Investors Share the One Lesson They Would Teach the Average Investor

Excess Returns

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Using Base Rates as a Base Rate for Investing

Michael mobison is author of expectations investing and head of conciliate research at morgan stanley's caterpoi globel. He says we are probably better off relying on the past to understand the likelihood that certain future events will occur. Using base rate says, im going to think about what i'm facing now, or my problem, as an instance of a larger reference class.

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