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Brandes on Value: The Independent Investor by Charles Brandes

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CHAPTER 7

WHY GO OVERSEAS?

If you seek peace, if you seek prosperity for the Soviet Union and Eastern Europe, if you seek liberalization, come here to this gate. Mr. Gorbachev, open this gate. Mr. Gorbachev, tear down this wall!

—U.S. President Ronald Reagan, in a speech at the former Berlin Wall, June 12, 1987

Regardless of their feelings toward the 40th president—whether based on history’s account or on personal memories from the Reagan years—most people agree that he was a speechmaker for the ages. His Berlin Wall oration is still ranked by Time as among history’s 10 most impactful.

I’ll spare you the long political backstory, but as far back as I can remember, I believed that the Berlin Wall represented more than a lethally enforced physical ...

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