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Since the factors that produce the long-term trend change little from quarter to quarter and year to year, why should short-term changes be of great concern? In fact, why should they even occur? Why isn’t there just growth at the average rate—say 2%—every year? These questions provide a good opportunity to introduce some of this book’s protagonists: psychology, emotion and decision-making processes.
Mastering The Market Cycle: Getting the Odds on Your Side
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