Global Equities; The decline of rationality ...... and the rise of financial engineering - manifesting in a generational shift toward pure leverage.
"When they look back at this segment of history they will probably ask: What the hell were they thinking?!"
Reporter: "How is it possible that the DJIA loses 90% of it's value? ...
B.G.: "It is very simple, really. First, it loses 50% of it's value and then, 80% of the remainder." - Benjamin Graham, from a 1934 interview.
