Last week we looked at confidence in your investing process and noted that true confidence comes from knowledge and experience. Knowing how your investing process works is important in gaining confidence, but real comfort only comes from having been there before and experiencing the gains after coming out of a downturn.  Although experiencing tough times first hand, creates lasting memories it certainly is not pleasurable. Today we have the opportunity to learn from the experiences of someone who has lived through many downturns and profited from it.

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