Whitney Tilson: “8 out of 10 years. Historically the market goes up. The…”

“Investment lessons that you've learned over the last 20 years. And 20 years ago you were an active investor running a couple of mutual funds and hedge funds. 8 out of 10 years. Historically the market goes up. The natural state of affairs is a bull market. There have been, I would say once every 10 years a big obvious bubble that can really shake the market and knock the S And P down 50% come along.” (14:43–14:51)

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