HiddenInSummer (482487420)

So the “fact” of the superiority of stocks over bonds is not a fact at all. The public has not learned a fundamental truth. Instead, their attention has shifted away from some fundamental truths. They seem not to be so attentive to at least one genuine fundamental truth about stocks: that they are r

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place for a long time. The timing of specific market events is, as we shall discuss

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recast:farcaster://casts/0xed2d7a05807d51a96ce08df11bd9302b98fc3cb72240627899b80c82fcdc3ddd

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Merton Miller, who was a leading advocate of efficient markets theory,

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