4: The incoming recession
Onward, a Fundrise Production
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What Are the Operating Principles of Funrise?
CNN's John Defterios asks David Frum to explain how he came to his pessimistic outlook on the economy. He says it all started with a colleague who asked him, do you believe everything you hear? The first principle i developed is that you need to find out the foundational premise on which all other ideas are based - and then ask why again. And when you see prices that don't make sense, people are buying it -- so many bubbles happen because of social momentum.
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