WC Varones

Don't lend your hand to raise no flag atop no ship of fools

CDs for the long run

Mish points out that "stocks for the long run" doesn't really work -- CDs have beaten stocks over very long periods.

I'd add that gold has beaten stocks by about 3-to-1 since 1972 when Nixon abandoned the gold standard for a toilet paper currency. Check my facts on this, but I believe gold was around $32 then, and the S&P 500 was around 100. Both are around 900 today.

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