So long as predictions remain popular, and are so numerous as they are today – and so long as they receive notoriety through repetition in the press and on the radio – contrary opinions will increase in importance as thinking aids. “
February 25, 2019
In a speech before the House of Commons, Winston Churchill paraphrased a phrase first said by Harvard professor George Santayana. Churchill’s statement that, “Those who fail to learn from history are condemned to repeat it” became instantly famous because of its undeniable truth. This is especially so in the investment business given its...