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.
Simply by not owning three medium-sized castles in Tuscany I have saved enough money in the last forty years on insurance premiums alone to buy a medium-sized castle in Tuscany.
