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Historical Finance Fight: Ben Graham versus H.M. Gartley
Reading really old research is humbling. [url]https://archive.org/[/url] is awesome. One quickly recognizes that market participants were very savvy way back in the day. I’ve always assumed that investors today are more intelligent and armed with better capabilities. I question that assumption. We almost certainly don’t have higher IQs, and I think our core understanding of how humans interact in a marketplace to balance their greed for profits and their fear of losses probably hasn’t developed much over the past 100 years. We’ve simply “rediscovered” things that people have identified at other points in ... (full story)