"There is no better teacher than history in determining the future."

--Charlie Munger

The late, great Charlie Munger, who passed away last month at 99, knew a thing or two about history. In his lifetime, he lived through the Great Depression, the Second World War, and more than a dozen U.S. recessions. And that's just his own firsthand experience. As any history buff can tell you, by studying history, those in the present learn from those in the past -- and that gives you a leg up -- particularly when investing.

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Source Fool.com