There’s a quote typically attributed to Albert Einstein: “Madness is doing the identical factor again and again and anticipating totally different outcomes.” As an investor, particularly should you handle another person’s capital, it’s a must to be barely insane.
Throughout market manias, time slows right down to canine years. You must preserve doing the identical (rational) factor however count on a distinct consequence, realizing that sooner or later it is going to come.
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WHO AM I: Vitaliy Katsenelson is the CEO of Funding Administration Associates (IMA) in 2012. Forbes Journal known as him “The New Benjamin Graham.” He’s written for publications together with Monetary Occasions, Barron’s, Institutional Investor, and Overseas Coverage.
The put up Classes from Historical past’s Know-how Booms – Ep 225 appeared first on The Mental Investor.
