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“Each generation will reap what the former generation has sown.” -CHINESE PROVERB

“If everybody is thinking alike, then somebody isn’t thinking.” -GENERAL GEORGE PATTON

INTRODUCTION

This month’s Gavekal-authored version of the Evergreen Virtual Advisor addresses what seems to be on everyone’s mind these days—you guessed it:  The US presidential election.

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“We can’t solve problems by using the same kind of thinking we used when we created them.”
-ALBERT EINSTEIN

INTRODUCTION

In this month’s edition of our Gavekal-authored EVA, we are giving readers a sample of three different views from our partner firm.

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“Just because a reversal of something unsustainable hasn’t happened yet doesn’t mean it won’t.”   
-Seth Klarman, one of the most successful investors of the last 30 years.

“There is too little economic risk-taking and too much financial risk-taking.”
-Christine Lagarde,

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“When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done.”
-JOHN MAYNARD KEYNES referring to market bubbles.

INTRODUCTION

Vertigo isn’t just a Hitchcock movie. Is your head spinning?

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“People willing to trade their freedom for temporary security deserve neither and will lose both.”
-BENJAMIN FRANKLIN

Introduction

Hello darkness my old friend, I’ve come to talk with you again… The famous first line of the 1964 hit by Simon and Garfunkel The Sound of Silence feels relevant this morning.