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#19: Simon Mikhailovich on the Ultimate Insurance Policy: Gold

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Inevitable End of the Debt Binge

Bob Greene: The culture of preparedness is gone. People don't learn from history, they look at their personal experience and think that it's going to continue the way it is. He says people should be thinking about not trying to say this is going to happen but being prepared for whatever happens. Greene: That's where the anti-fergility comes from - real assets versus financial assets.

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