"We have not known a single person who has consistently or lastingly make money by thus "following the market". We do not hesitate to declare this approach is as fallacious as it is popular."

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A serious pacifist approach can't win wars against enemies whose only program is violence. That doesn't mean I think the US has fought terrorists so wisely most of the time since 9/11. But there are some enemies that need to be destroyed by force lest they destroy much much more.

— Philip Gourevitch