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Markets move in cycles. If you understand where you are in the cycle you understand almost everything you need to know.
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Central banks create the very crises they claim to be solving. Every intervention creates a bigger distortion.
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The most dangerous phrase in investing is 'this time is different.' It is never different. Only the details change.
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I have no fund to sell. I have no product to promote. I just call what I see. That is the advantage of running a family office.
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Switzerland taught me that you do not need to be in New York to understand global markets. You need distance and perspective.