The financial past doesn’t repeat itself exactly, but it rhymes. Human nature never changes, no matter how vociferously someone tries to tell you that this time is different. Fads come and go, but fees are forever. On Wall Street, everything has been tried before. Whatever it is, it will almost certainly turn out the same this time as last time.
- From the introduction to the book “The Devil’s Financial Dictionary” by Jason Zweig
#RidingTheRollerCoaster – 250