http://amarginofsafety.com/2013/05/18/the-stock-market-looking-in-from-the-outside/?utm_source=rss&utm_medium=rss&utm_campaign=the-stock-market-looking-in-from-the-outside "...to distill the secret of sound investment into three words..." Mon, 24 Aug 2015 14:39:02 +0000 hourly 1 http://wordpress.org/?v=3.2 http://amarginofsafety.com/2013/05/18/the-stock-market-looking-in-from-the-outside/comment-page-1/#comment-5148 Jonathan Tue, 21 May 2013 17:46:43 +0000 http://amarginofsafety.com/?p=1539#comment-5148 In my humble opinion of course... who knows what the future will bring... In my humble opinion of course… who knows what the future will bring…

]]> http://amarginofsafety.com/2013/05/18/the-stock-market-looking-in-from-the-outside/comment-page-1/#comment-5147 Jonathan Tue, 21 May 2013 17:45:58 +0000 http://amarginofsafety.com/?p=1539#comment-5147 What led to the great crash of '29 was not necessarily just high priced, but that people took on high amounts of leverage to amplify their returns (which ended up leading to amplified losses). Investor leverage was as much of a causal factor behind the crash than simply extremely high prices. Until we see a lot of leverage in the system again, its hard to imagine a '29 style crash... What led to the great crash of ’29 was not necessarily just high priced, but that people took on high amounts of leverage to amplify their returns (which ended up leading to amplified losses). Investor leverage was as much of a causal factor behind the crash than simply extremely high prices. Until we see a lot of leverage in the system again, its hard to imagine a ’29 style crash…

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