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Here in Silicon Valley I have taken part in hundreds of conversations trying to convince people to dive in and become entrepreneurs. All too often innovators with good safe jobs are unwilling to put their family's access to health care at risk by walking away from company-backed medical insurance.

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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.