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One of Morgan Stanley's investment strategists, Gerard Minack, is retiring.
This is a bummer. Minack's work was lucid and helpful.
But as a parting gift to clients, Minack wrote a two-page farewell note that contains the best investment advice you will likely ever receive.
What is this investment advice?
Now, before you go scrutinizing Minack's note to find these bullet points, let me be the first to say that Minack does not actually explicitly articulate this advice.
Rather, he just demonstrates conclusively why any other investment strategy is idiotic.
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