We usually say we sell a stock in three situations. One is when it does well and becomes clearly overvalued. Another is when we find something better and cheaper to replace it with. The third is when things go wrong and it’s clear we’ve made a mistake. This is usually the hardest situation to judge. […]
Jason Zweig
How To Deal With The Ups and Downs…
Anne is writing about long term returns on page 4. I will deal with the shorter term here. It seems like every week there is a problem of overwhelming magnitude on Wall Street. If we don’t act on it, surely something dire is going to happen. But you know these overwhelming problems often are not […]
Finally, a Financial Dictionary That’s Fun To Read
Quick, what is the definition of “stock market?” According to Jason Zweig’s new book, The Devil’s Financial Dictionary, it is: “A chaotic hive of millions of people who overpay for hope and underpay for value.” Jason Zweig is investing and personal finance columnist at The Wall Street Journal. His lexicon, inspired by American satirist […]
