Sasun Bughdaryan/iStock via Getty Images Prefatory Note 1: The Market Many in Service of the Long-Term-Investor Few – It's a Real Thing Almost no thing in the financial markets is permanent—even permanence defined as only a few years. A thing like the popularity of an industry sector or investing style. A great exception is the behavior of crowds, the predictability of which is immortal beyond any lifetime. It is a force that makes mountains, that begot the mass preoccupations with—pick an interlude—biotech ...