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Morgan Housel: Pure Downside

FYI: There are no exceptions to Newton’s third law of physics. Every action has an equal and opposite reaction.

This is mostly true in business and investing too. It’s why it’s easy to underestimate how quickly things change.

Most of investing history goes like this: Something abnormally good or bad happens, and then another thing equal and opposite thing occurs to push things in the other direction.
Regards,
Ted
https://www.collaborativefund.com/blog/pure-downside-no-silver-lining/
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