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Friday, November 20, 2009
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Thinking Out Loud
Read this issue of InvestmentNews, and you will find one thread running through several news stories and columns: irrationality (I am referring, of course, to the irrationality of investors and the public in general, not our coverage).
If there is one lesson that financial advisers and their clients have learned since the financial world cratered in mid-September 2008, it is that black swans can be as numerous and messy as Canada geese.
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