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As Markets Correct, Remember The Wit & Wisdom Of Ace Greenberg

Authored by Bill Blain via MorningPorridge.com,

“Tricks make headlines, but winners execute the basics..”

Markets remain in a major correction – but fear not. When the hurly burly is done, what goes down and survives will (eventually) come back up! As the pain bites, I recommend the wit and wisdom of Ace Greenberg, the best banking CEO ever, a man who understood the primacy of common sense.

Peloton’s numbers said it all. Great concept. Terrible Business. The most difficult thing in business is convincing someone who thinks they have a brilliant concept that it’s not.

From meme stocks, to SPACs, to profitless growth-fixated firms to disruptive tech… it’s the realisation great marketing and gab doesn’t always translate into brilliant businesses that’s hurting whole slices of the market. Such is life. Three times I’ve invested in airships. They will never

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