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No statement is more true and better applicable to Wall Street than the famous warning of Santayana: "Those who do not remember the past are condemned to repeat it".

Benjamin Graham
Wall, Past, Investing
Benjamin Graham (2009). “The Intelligent Investor, Rev. Ed”, p.1, Harper Collins
No statement is more true and better applicable to Wall Street than the famous warning of Santayana: Those who do not remember the past are condemned to repeat it.