MaoXian Means Take a Risk
Monday, March 4

Speculative Mania

Parabollocks
The problem with getting caught up in a speculative mania is that you vastly overpay for things, and then you're sunk when they sink. Will Celera Genomics ever return to $276? Probably not. It makes sense to dollar-cost average into a diversified portfolio: protect yourself from succumbing to extraordinary popular delusions.

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