“For the investor, if he has been preparing himself carefully for the events that will unfold in the next few years, Cyprus will have been an event that did not impact him at all. This sounds like economic heresy, because the very idea that banks would systematically and intentionally steal the money of its depositors is a major, major event. Yes, it is quite definitely a major event, but one that should not have impacted the seasoned investor, as it is an event that is a mere comma in his overall outlook – it is an event that was anticipated.”
http://www.internationalman.com/global-perspectives/901-cyprus,-the-first-domino
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