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Arnold Kling
PERMANENT LINK | APRIL 26, 2002

Megan's investment guide

Arnold Kling, Great Questions of Economics
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Her advice is unapologetically platitudinous:

...act sensible and don't expect to get rich on the stock market. Allocate your assets between different securities and different industries. Don't put all your eggs in one basket.

Not unlike my advice in Invest Wisely.

Discussion Question. Why do people insist on trying to beat the market, when economists tell them that it's a sucker bet?

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