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America is a democracy, not a bureaucracy, and the cumulative buying and selling decisions of the millions in the marketplace represent the most honest voting booth history has ever created. (Photo: Getty)

“What’s past is prologue” wrote Shakespeare in The Tempest. There are an awful lot of great quotes in that play, but this is the one that many people use in many situations. Of course, this runs counter to everything the SEC requires us to disclose in terms of “past performance” (i.e., it does not guarantee future results).

Christopher Carosa


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