Here were financial people who could seriously consider that stocks are less safe because they have declined in price than they were after they had advanced in price
Movies goers will report liking a movie more when they hear beforehand how good it is
A high volatility 5-to-10-year return stream that might see several 30% drawdowns on the way to a superb 10 year record
And she says, “I can see you don’t understand arithmetic.” He says, “I can see you don’t understand sheep.”
Thus there is an element of compound interest operating in favor of a sound industrial investment.
You should wish your earnings to be reinvested if they can be expected to earn high returns.
With so many people waiting for others to make the first move, it’s amazing that anything gets bought.
A risky investment may be volatile, but not every volatile investment is risky.
Sensible professionals wondered if they should take up hunting and fishing
While the Fed had no explicit mandate to focus on the stock market, the effects of the run-up in prices seemed to me a legitimate concern