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Monday links: fearing what will happen
Strategy
Why do so many investors persist in trying to beat the market? (awealthofcommonsense.com)
Brett Steenbarger, "The idiot trader has no sense of process. It's all seat of the pants and randomness." (traderfeed.blogspot.com)
Why so much of professional investing is "socially useless activity." (blog.alphaarchitect.com)
The trouble with big macro bets. (ritholtz.com)
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