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Fall in Love with No Commodity: The Story of Timothy Bancroft

Written By: Chris Mayer  |  Posted: Tuesday, April 26th, 2011

            Let me tell you the story of Timothy Bancroft. It's a good one, and if you haven't heard it, I think you'll like it.

            Bancroft was a smart and shrewd investor. He dodged the Panic of 1857, which he said was due to "easy money policies" and "overconfident speculation in the railroads and farmlands of the Western states."

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