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the experts were competing to try and get the best possible
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price, and so the price itself
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reflected all their knowledge and wisdom and opinions and so
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the lay person could take advantage of that by buying stocks.
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Everybody should be an investor, they felt.
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A monkey throwing darts at a dart board would do as well as
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any of the greatest experts.
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Now, their own theory was basically contradicted by their
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own experience because all of them seemed to go out into the
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world and invest, and almost all of them made
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extraordinary returns and made a huge amount of money all of
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which made them even less popular in the faculty of arts