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History repeats itself, and by studying it we can be better prepared about what the future brings
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Similar ideas to Ways For Dealing With Uncertainty
Since the investors of the “I know” school, described in chapter 14, feel it’s possible to know the future, they decide what it will look like, build portfolios designed to maximize returns under that one scenario, and largely disregard the other possibilities. Th e suboptimizers of the “I don’t...
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