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Acknowledgments

Over the past five years, I have discussed the issues raised in this book and shared early drafts with numerous practitioners, academics, and individual investors. I am grateful to all of them for helping me work out and refine my propositions. Some were sympathetic to my agenda; others challenged it energetically. I want to call out two readers in particular, one from each camp. Pierre Schell shares many of my views, but our exchanges allowed me to see points that I might otherwise have overlooked. My colleague, Mike Granito, took the other side and interpreted the orthodox finance model in a number of very stimulating back-and-forth ...

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