Surprisingly effective, however, now in 2003 we are in a secular bear market that likely will not be over until the Dow Jones Index slumps to 3500 or so and the NASDAQ plunges to 600. Thus, you must ignore this book's buy-n-hold advice. Remainder of book is useful, suggest one also read Sy Harding's "Riding the Bear" and seek out Prudent Bear mutual fund's site.
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