Quote for the Week
In emphasizing the difference between the man who sometimes quits a winner and the man who beats the game, the reader will understand that the hardest thing in the world is for a winner in any game of hazard to quit while winning. “Beginner’s luck” is probably true in Wall Street as anywhere else. But the man who says, “I will quit when I have made a certain sum” is the only man who is trying to beat the game. And the game always beats him. — Edwin Lefevre, 1915 (source)
From the Archives
Last Call
- One Investing Trait to Rule Them All – Flyover Stocks
- Intelligent vs. Smart – M. Housel
- LTCM: 25 Years On – Net Interest
- Investment Unicorns: The Only Financial Novelty That Hasn’t Been Disgraced – J. Rekenthaler
- Investment Lessons from 400 Years of Confusion of Confusions – Periscope
- Boom and Bust, All at Once: The Fraught Modern History of Fish Meal – Hakai
- How the Banana Came To Be and How It Could Disappear – Literary Hub
- How Thomas Edison Tricked the Press Into Believing He’d Invented the Light Bulb – Smithsonian
- America’s Electrical Grid is an Incredible Feat of Engineering and Its Biggest Bottleneck – Every
