Quote for the Week
Before I came down to Wall Street in 1914 the future of the stock market had already been forecast — once for all — in the famous dictum of JP. Morgan the elder: “It will fluctuate.” It is a safe prediction for me to make that, in future years as in the past, common stocks will advance too far and decline too far, and that investors, like speculators — and institutions, like individuals — will have their periods of enchantment and disenchantment with equities. — Ben Graham (source)
From the Archives
Last Call
- Going for Broke – The Better Letter
- Market Bipolarity: Exuberance versus Exhaustion! – Musings on Markets
- The Long Game: Why Patience and Perspective Matter in Investing – ValIdea
- At Long Last, Bonds Once Again Matter – J. Rekenthaler
- The Most Elusive (Yet Crucial) Investment Factor – Behind the Balance Sheet
- The Christmas Tree Effect – Range Widely
- How One Man Seized the Day & Sold His Company to Berkshire Hathaway – Kingswell
- The Science Oven – Tedium
- How NASA Brought an Asteroid to Earth – New Yorker
