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 Stock
Market in General
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Even
Tiger Woods might have trouble with this one. |
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Action
- Reaction
Stare
at this for ten minutes. Then make investment decisions.
Volatility
is nobody's friend
"In
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