In his book The Intelligent Investor, Benjamin Graham asked readers to imagine they are in business with a person named Mr. Market. This person is constantly offering to buy or sell shares, and because they suffer from a mood disorder, the only consistent thing about these offers is their extreme prices.
That means sometimes the price is far too high, and sometimes it’s far too low. Investors should remain patient and stick to their plans no matter what, but it’s not easy. This page collects some of the best advice we’ve found on how to do it.
Don’t Put Yourself in a Corner
November 2, 2020
Have A Margin of Certainty “If you are a smart and experienced investor you know there is always a ‘but’ somewhere.” – Joachim Klement, CFA “You […]
Every Year Can Not Be Good
September 15, 2019
Conditions are often out of our control and can change rapidly. Be prepared and stay broadly diversified. Don’t reach for returns.
Holiday Colors
December 24, 2018
Investment professionals and financial commentators are not immune.
Why We Don’t Make Forecasts
April 4, 2018
How many times did the Wall Street consensus predict a market drop?
"A spectacular zero."
The Normal
March 25, 2018
Normal is the market going up and down in a manner that can be unnerving over short-term periods.