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Felon Forecaster Blogs on Economic Cycles


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When I first saw the title of this article, I thought it was about Sam Antar or Barry Minkow.  Instead, there seems to be another felon who has the ear of investors and the media.  Munger should enjoy this article about economic cycles.  When I read the bit below, I nearly choked on my bagel this morning!  Cheers!




A New Jersey native who didn’t graduate from college, Armstrong said he built a theory of “confidence cycles” when he discovered in the 1970s that financial panics from 1683 to 1907 were separated by 3,141 days on average. He later realized that number was equal to 1,000 times pi, whose value is the ratio of any circle’s circumference to its diameter.



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