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If It’s Raining in Brazil, Buy Starbucks by Navarro

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CHAPTER 2THE WARRING SCHOOLS

At the not so tender age of 91, retired economics professor Herb Hoover still loves to rage against the stock market machine. You see, throughout his stock picking life, Professor Hoover has always managed to be at exactly the wrong place at the worst possible time.

It started in 1931 when Herb’s namesake President Hoover raised interest rates to protect the gold standard. Just the right classical economic medicine, thought graduate student Herb at the time. So he bought his first 100 shares of stock and then watched his certificates turn worthless as President Hoover’s tight money policies shoved the country off the precipice of recession into the Great Depression.

Nor did Herb do any better on his next market foray. ...

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