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The Investment Lessons Of Thanksgiving



Happy Thanksgiving!


It is Thanksgiving Day in the U.S. – a holiday that causes most to think of a beautifully roasted turkey, an abundance of sides, a plethora of desserts, and a house overflowing with family.


When you think about the history of Thanksgiving, you likely think of the stereotypical "Pilgrim" dressed in staunch black outfits, and tall hats, with buckles all over the place. The women similarly dressed in black and white.


In reality, if you "dressed up like a Pilgrim" and got into a time machine to go back to visit the Pilgrims, you would find yourself sticking out like a sore thumb. When I first learned that Pilgrims favored bright colors, and would be considered rich to own a single buckle, let alone enough buckles to waste putting one on their hat, I felt rather betrayed by my first-grade teacher.


Yet, despite the disappointment that those years of elementary school had us learning entirely imagined history, it taught me one of the most important lessons of my life: People have a wonderful capacity for creating their own version of history. We remember what we want to remember, which often does not have any relation to what actually happened.


Everyone knows about the Pilgrims and Native Americans. Most consider that the start of Thanksgiving, and imagine that there has been a steady stream of Thanksgivings since. Real history is a lot more messy. There were Thanksgivings all over the place and many had little to no relation to the Thanksgiving we celebrate today.


In today's free article, I discuss the origins of Thanksgiving and the investment lessons we can draw from it. Yes, there is an investment lesson:

 

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