Dispensing with the calendar, Mr. Emory conducts an 88-year travelogue through the twenty-two complete stock market cycles of most of the twentieth century to today, stopping only to examine, within the framework of twelve of the last thirteen recessions, both enjoyable rising phases and destructive declining phases, while offering a novel means by which to predict most of the latter and reduce the ruinous effect of exposure to risk. Finally, he offers a glimpse at his thrice copyrighted investment company concept, which would distribute quarterly in almost tax-free form annual index portfolio growth while tripling the revenues to the managing sponsor.

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