Stock Market in General
|Even Tiger Woods might have trouble with this one.|
Action - Reaction
Stare at this for ten minutes. Then make investment decisions.
Volatility is nobody's friend
the field of common stocks, the necessity of taking price into
account is more compelling,
because the danger of paying the wrong price is almost as great as that of buying the wrong issue.
We shall point out later that the new-era theory of investment left price out of the reckoning,
and that this omission was productive of most disastrous consequences."
---"Security Analysis", Graham and Dodd (1934)
Remember Stewart from the Ameritrade commercial? This satire was created back when the NASDAQ was at 4,500
© 2000/2001/2002/2003 markpoyser all rights reserved