"The more things stay the same…only today the speculation has been far beyond just mining shares. The financial world is set up to suck in and prey on the weak and undisciplined. The only way to beat them at their game is to do exactly the opposite of what they are selling and recommending. When the risk sellers are looking genius and all-powerful, we are wise to stand clear and patiently devise our own plan of execution. When the risk-sellers are once more imploding in their leverage and hubris, those who are ready and liquid take charge buying assets off of failing hands and fools. The below chart summarizes the cycle perfectly. This particular cycle the last great investor opportunity was in the spring of 2009, and the black dot signifying the speculative phase kicked off in mid-2010 when QE-mania spurred unrealistic faith in the power of Central Banks. Investing is the quintessential mental game of tortoise and hares. Are you set up to fail with the hare masses or prevail with the tortoise few?"
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