In my time as a financial professional, I have seen many downturns, some more significant than others. I started work in this world of finance in May 1988 and since then these are the ones that have stuck in my head
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While it might make intuitive sense that there should be a close link between how a country's economy performs and the returns from its stock market, the historical evidence shows otherwise.
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The South Sea Bubble was one of the first, and one of the worst, financial crashes in history. The lessons from that episode are as important today as they were 300 years ago.
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Modern consumers are told we can have everything we want right now. And, if we can’t afford it, we can put it all on the plastic and worry about paying for it later. Investing doesn’t work like that at all.
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