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Reminds me of one of the items listed in Morgan Housel's recent article;

15 Biases That Make You a Bad Investor

Hindsight bias
Out of literally millions, only a handful of investors truly saw the financial crisis coming.

If you disagree with that statement and respond, "No, any idiot could have seen it coming from a mile away," you're suffering from hindsight bias. Only after the fact do all the puzzle pieces make sense. That's why bankruptcies outnumber billionaires.

Foolishly yours,
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