11. Conclusion

Financial markets are cyclical. Booms and busts to some degree are inherent to open markets. The nature of markets means they eventually stabilize. Although the financial crisis of 2008 was triggered by conditions that will most likely not be repeated—absurdly easy credit, speculative conditions in the primary home market, poor transparency for investors, and so forth—new crises are inevitable.

The markets will grow, firms will hire, and opportunities will expand. Know that. It may not feel that way to you as you read this book, but a turnaround will happen. They always do, and you should be prepared. No one can predict beyond 2011—that’s the long term these days—but Wall Street will still be there, and you should be ready to ...

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