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Great Quotes Vol. 13: Morgan Housel Edition

Rule Breaker Investing

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How to Earn Good Returns in the Stock Market Over a Long Period of Time

Morgan Hassel: If markets never fell, they wouldn't be risky. And if they weren't risky, they'd get really expensive. When they get really expensive, they fall. The reason the entire reason that you can earn good returns in the stock market over a long period of time is because they are volatile in the short run. That's the cost of admission that you have to be willing to pay to do well over time.

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