Bulls don't read. Bears read financial history. As markets fall to bits the bears dust off the Dutch tulip mania of 1637 the Banque Royale of 1719-20 the railway speculation of the 1840s the great crash of 1929.

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The teacher that I was for decades and that I still am in a certain way wondered what was meant by the word education. I was truly dumbfounded at the very thought of dealing with such an essential and extensive subject.