The biggest public fallacy is that the market is always right. The market is nearly always wrong. I can assure you of that.
Most successful investors, in fact, do nothing most of the time.
I don't think there is a sound UK bank now, at least, if there is one I don't know about it. The City of London is finished, the financial centre of the world is moving east. All the money is in Asia. Why would it go back to the West? You don't need London.
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