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call market |
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Our first conclusion (which our VP had always supported) was that we must become reasonably adept at what I will broadly call market research Otherwise, we were simply inventing things with the blind hope that someone would salute them. And that's the idea of what they call market mechanisms in the Kyoto sense. Fortunately, people like us can hope to succeed in investing without possessing the ability to call market bottoms--or tops, for that matter. |
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