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Over the past decade, boneheaded forecasts have left more than a few “experts” feeling humbled.
Legendary investor Peter Lynch once gave the following advice to those who dabble in the stock market: “If you spend 13 minutes a year on economics, you’ve wasted 10 minutes.” Lynch was making the point that investors should limit themselves to focusing on finding good companies at attractive prices. Like an even more celebrated stock picker, Warren Buffett, Lynch believes that it is impossible…
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