141: Erik Townsend – Software Millionaire Fooled by ‘The Dream’ and Saved by Global Macro
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The Long Human Life Cycle
Each generation is defined by what it just missed. The baby boomers, on the other hand, were fortunate enough to miss the Great Depression in World War II. Generation Xers don't remember the American high in all the good times. And they're the ones that are much more inclined to go deep into debt. So he basically says that the major events in history define the personality of these generations.
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