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All hail the (possible) return of the station wagon
In the face of financial advice that encouraged investors to think long-term, John Maynard Keynes once made the famously mordant observation that “in the long run, we’ll all be dead.” There should be a version of this maxim for people who predict social and consumer trends: In the long run, we’ll all be right. As the Cassandras who predicted an imminent bear market back in 1996 can attest, nothing does more for a wrong headed prognostication than the passage of time.

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