3min chapter

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#4: Bill Fleckenstein on Central Banks, Financial Bubbles and White Burgundy

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Process of Shorting the 1929 Crash

"I don't know of anybody in the markets that I would call a tape reader more than you," he says. "In a craze, a mania, when things get expensive, the next thing to happen is they get more expensive." He's been through four bubbles: Japan, U.S., Europe and now Asia.

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