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The Sages: Warren Buffett, George Soros, Paul Volcker, and the Maelstrom of Markets by Charles Morris

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INTRODUCTION
America and the world are trapped in the deepest, longest recession in postwar history. That by itself is good reason to reflect on the careers of Warren Buffet, George Soros, and Paul Volcker. Buffett and Soros are among history’s most successful investors, with a record of making money in good times and bad. Volcker is a regulator, one of the greatest of American civil servants, whose entire career has been defined by crises. And all three saw this one coming long ago.
That last fact is worth dwelling on. The Wall Street Journal ranked the nation’s leading economic forecasters on the accuracy of their 2008 economic forecasts, using two key data points: 2007- 2008 fourth-quarter to fourth-quarter real GDP growth, and 2008’s ending ...

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