THE PSYCHOLOGY OF MONEY - Commented Book
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Optimism and Growth in Investing
David Frum: It's easier to create a narrative around pessimism because the story pieces tend to be fresher in more recent. Optimistic narratives require looking at a long stretch of history and developments, he says. Frum: In investing, you must identify the price of success amid the long backdrop of growth. "Expecting things to be bad is the best way to be pleasantly surprised when they're not"
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