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A Buffett Disciple On What To Do About Market Turmoil

A Buffett Disciple On What To Do About Market Turmoil by Guy Spier, Observer

“Back in the day” is an expression I had not heard until I came to Wall Street. To me, it denotes the speaker’s harking back to prior time. A golden age. A time when things were getting better, and what we lacked in experience was made up for by a generally benign and improving environment.

But that it is emphatically not where we find ourselves today. Today life in the markets is hard. Stocks are volatile, and mainly in a downward direction. For the last five years, the world’s Central banks have sloshed vast sums of money into the system, but seemingly to no avail. Because we are most certainly “not out of the woods.” China’s growth seems stalled, commodities are in the tank and uncertainty and loss lurk on every corner, waiting to mug us unsuspecting “babes in the...


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