May 12
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The importance of history – Michael Lewitt
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“Michael Lewitt talked about the importance of history, and apparently he is frequently asked by young people what the best preparation is for a career in money management. He first tries to talk them out of it, but then tells them to study, in this order:
History
Mass psychology
Then and only then economics, as a distant third subject”
- “Kung Fu Girl,” reporting on comments by investor and strategist, Michael Lewitt, at the 2012 Casey Conference. (Kung Fu Finance eletter, May 4, 2012)