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Investor C, 8.5.08

  • Larry E. Swedroe, Rational Investing in Irrational Times

“In investing, as in fashion, fluctuations in attitudes often spread widely without any apparent logic. But whereas changing the length of a skirt or width of a tie won’t affect your net worth in any appreciable manner, allowing your investment decisions to be influenced by the madness of crowds can have a devastating impact on your financial statement.”