Author: Dan Ferris, Daily Wealth

I hope our conversation today can help you identify businesses that will succeed when their competitors fail. That’s a worthwhile ability, because it can help you know which companies to buy and which ones to avoid.

Today, you need to prepare for poor returns and lower prices of financial assets.

You need to understand what a mania looks and feels like to survive it…

The current mania may be on its last legs…

Understanding the components and behavior of a mania is key to surviving it…