"Sooner Or Later A Crash Is Coming" - When Risk-Aversion Meets A Hypervalued Market

April 25, 2018

Roger Babson’s first rule of investing was “keep speculation and investments separate.” He is remembered not only for founding Babson College in Massachusetts, but also for his speech at the National Business Conference, warning of an impending crash just two days after the 1929 peak, at the very beginning of a decline that would wipe out 89% of the value of the Dow Jones Industrial Average.

 

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