Today we have a guest post from Williams Equity Analysis who
have graciously allowed us to post their piece in its entirety from Seeking
Alpha: The Best Investment Advice George Soros Ever Gave. Here it is from marketfolly:
"Economic history is a never-ending series of episodes
based on falsehoods and lies, not truths.
It represents the path to big money.
The object is to recognize the trend whose premise is false, ride that
trend and step off before it is discredited." ~ George Soros
Think about that statement for a minute. For everyone who is
in the so-called bear camp, and thinks the current "recovery" belongs
in quotation marks, this is an exceptionally meaningful quote.
Of course, everyone who has been bearish on the markets
since 2009 has largely lost money, and been quite aggravated in the process.
Had trillions in stimulus and quantitative easing not been injected into the
economy (the big banks for the latter), our economy would have simply
restructured and our markets would have bottomed at values far lower than they
did. Bearish market participants have been investing with the philosophy that
this will still happen….
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