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19min chapter
The Library of Mistakes: A Conversation with Russell Napier
New Books Network
Learning from Financial History
This chapter discusses the essential role of the Library of Mistakes in understanding financial history to inform current practices. Speakers emphasize the importance of incorporating historical context into economic study, highlighting the disconnect between theoretical models and real-world investing experiences. The conversation also addresses the inherent challenges of making financial predictions amidst uncertainty, advocating for a balanced approach that includes personal narratives alongside empirical data.
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