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63. Peter Atwater: The Confidence Map
Investing Unscripted
The Consequences of the Housing Crisis
Before the crisis, what I observed was stupidity on steroids. So you had people who shouldn't have been lending, lending enormous amounts almost with blindfolds on. And as a result, the consequences were dramatic and very widespread. It was just such a belief that home prices only go up that nobody cared about the current value of homes.
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