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Josh Brown: An Amazing Lesson From Buffett On His Cake Day

TedTed
in Fund Discussions
FYI: Nick Murray says “The ability to distinguish between volatility and loss is the first casualty of a bear market.”

I turned to one of my favorite passages of his masterpiece Simple Wealth, Inevitable Wealth this morning as turmoil from overseas and the commodity markets made its way through the headlines. Nick relays a great anecdote about how much money one investor personally “lost” during the last Russian Ruble crisis in the summer of 1998…
Regards,
Ted
http://thereformedbroker.com/2017/08/30/an-amazing-lesson-from-buffett-on-his-cake-day/

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