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Jeffrey Saut Commentary ... It's a Bull Market You Know
In this weeks commentary Jeffrey Saut comments why rich investors can seek value over the small investor who try to make something happen. From my view it is an extremely good read this week.
Fantasy: "If, from the beginning, the little guy had adopted a strict policy of never spending more than his income, if he had taken that extra income and compounded it in safe, income-producing securities - in due time he'd have money coming in daily, weekly, and monthly - just like the rich guy. Then in due time, he'd start acting and thinking like the rich guy. In short, the little guy would become a financial winner instead of a loser."
In the world we live in, few look at risk. Most only look at reward. The few who do look at risk (the educated, the Street savvy, etc.) make their money at the expense of the great unwashed majority who swallow the noise nonsense about getting rich quick.
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