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BrandyBraden BrandyBraden
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The rapid expansion phase of an industry is characterized by

▸ extreme sensitivity to interest rates and other economic factors.

▸ high returns and relatively low risks.

▸ willingness of investors to buy almost any stock associated with the industry.

▸ many decades of sustained above average growth.
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
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sbbaltsbbalt
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willingness of investors to buy almost any stock associated with the industry.
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