Quote for the Week
I refuse to attach a permanence to anything I see around me — including the pessimism I read today in The Wall Street Journal. With my 60 years of experience, I can’t tell you that any of the enormous developments I’ve witnessed, including two world wars and the spread of communism, have had any identifiable long-term effect on common stock investment.
When I started in the investment business, the first thing that happened was that World War I closed down the New York Stock Exchange for five months. It looked as if the end of the world had happened, but after a year and a half we were in the midst of a raging bull market.
Six months ago all you needed was a minimum of intelligence and a maximum of courage to be bullish. That’s changed, of course. Now it requires less courage but more intelligence to find the values. — Benjamin Graham (source)
From the Archives
Last Call
- The Most Powerful Force in Investing – Safal Niveshak
- Hope Is Not a Good Strategy – MFO
- Managing Investment Risk – Humble Dollar
- Lower Your 2025 Taxes Before Filing: Last-Minute Tax-Saving Strategies – Savor Financial
- It Can Be Easier to Fall Victim to Fraud on Mobile than Desktop – Oblivious Investor
- Psychopathy and Low Cognitive Ability – Klement on Investing
- The Dark Side of Private Equity – U of C Business Law Review
- The Insurance Catastrophe – Aeon
- The Hardest School to Get into is Rolex University – GQ
- This Power Grid Pioneer’s EV Prediction Came 100 Years Too Soon – IEEE Spectrum