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THE PSYCHOLOGY OF MONEY - Commented Book

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CHAPTER

The Intelligent Investor Is More Than Theory

It has been 12 years since the last recession began in December 2007. That's the longest gap between recessions since before the Civil War. The pessimistic view is that we now have fewer recessions, but when they occur, they are more powerful than before. To show how these historic changes should affect investing decisions, consider Benjamin Graham's work.

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