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It would help to understand the crisis, because some had even predicted it. We are in a long-cycle bear market. There is a reason why the likes of Warren Buffet didn't invest in the dot com bubble. These people understand long-term structures.
But what about the average person? Educate yourself. Don't be educated. I'm sure many people get their finance education and news via the media, ads, and brokerage websites. Scary. These parties are the most responsible for running the herd off into the gorge. They have done so in the past, and they will continue to do so.
We should teach finance throughout K-12. This is why the book isn't dead. Most of what I've learned beyond business finance in college was learned by reading books.
Don't have the time to read? Well, can you afford not to?
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Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön
Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
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