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Závěrem jeden zajímavý citát Benjamina Grahama z Hussmanova měsíčního komentáře a několik grafů.

„The extent of the market’s shrinkage in 1969-70 should have served to dispel an illusion that had been gaining ground during the past two decades. This was that leading common stocks could be bought at any time and at any price, with the assurance not only of ultimate profit but also that any intervening loss would soon be recouped by a renewed advance of the market to new high levels. That was too good to be true.“

Benjamin Graham, The Intelligent Investor

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