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Continuing Education.

Byline: JAMES K. GLASSMAN

When markets are falling, writes Dianne F. Lob, of Bernstein Global Wealth Management, in a recent letter to clients, "it's only natural to want to 'do something.' But while trying to time markets may sound like an alluring strategy, it is almost impossible to get right." So what are you to do? I suggest you invest part of your portfolio, right now, in industries of the future, not those of the present.

Educated guess. Which sectors will thrive over the next decades? Technology, of course, but there are drawbacks. The industry is super-competitive, choosing individual winners is difficult, and volatility is extreme. In 1949, Benjamin Graham, ...

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