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TIP562: How to Cope With Market Cycles
We Study Billionaires - The Investor’s Podcast Network
The Mastering the Market Cycle
The stock market has risen at about 10% a year on average for the last 100 years. Why does it almost never return between 8 and 12? If the average is 10, why don't we see some 8s, 9s and 11s and 12s? And the answer is that cycles occur because people take things too far.
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