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Burns' anecdote about bullet holes is "folksy" alright.
I might piggyback my own folksy oversight: WW 2 Army airmen were often required to fly into enemy fire, in order to accomplish their mission. -- The result (from Burns' anecdote) some planes were filled with holes and did not make it back.
Investors are not similarly obliged to fly into harms way. They can "decline a mission" any time they wish. So stay out of airplanes altogether when they are shooting at planes! (i.e. don't stick around for a bear market).
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I might piggyback my own folksy oversight: WW 2 Army airmen were often required to fly into enemy fire, in order to accomplish their mission. -- The result (from Burns' anecdote) some planes were filled with holes and did not make it back.
Investors are not similarly obliged to fly into harms way. They can "decline a mission" any time they wish. So stay out of airplanes altogether when they are shooting at planes! (i.e. don't stick around for a bear market).