US EditionDifferent Kinds of Smart
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Different Kinds of Smart
“The older I get the more I realize how many kinds of smart there are. There are a lot of kinds of smart. There are a lot of kinds of stupid, too.” – Jeff Bezos The smartest investors of all time went bankrupt 20 years ago this week. They did it during the greatest bull market of all time. The story of Long Term Capital Management is more fascinating than sad. That investors with more academic smarts than perhaps any group before or since manage…
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