#4: Bill Fleckenstein on Central Banks, Financial Bubbles and White Burgundy
Superinvestors and the Art of Worldly Wisdom
The Consequences of Bad Policy
People have been trained that these little bumps happen, but they don't last long and they don't remember. So you've had three years of pain. And now we've had eight years of up where basically one in one can make five any number you wanted. The Soviet Union took seven years to collapse, plus or minus. You know, we see them try over again in Venezuela,. It's taken a decade for that thing to fall apart.
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