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Lou Harvey on Investor Learning and Modern Portfolio Theory
By Mike Moody Some time after 2008, Lou Harvey, the founder of DALBAR, did an interview with Barron’s. He discussed what had been learned in the 2008 bear market. It’s worth thinking about, especially his advice on what seemed to work. I’ve got some nice excerpts, but you can read the whole interview here. In your study you point [...]
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