Benjamin Graham, author of The Intelligent Investor, is the go-to guy for many share market participants. Especially during periods of uncertainty. So it’s appropriate the advice of a man who gave Warren Buffett his grounding, is the focus of this morning’s republished piece from our partners at The Wall Street Journal.
The article below was written by Jason Zweig, the WSJ’s own Intelligent Investor columnist. In it, he reminds us that share market investors are rewarded with excellent returns over the long-term because they accept the risk of reversals and keep their heads during setbacks.
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The graph above shows US stock market volatility and how, with the exception of 2020, share prices have been remarkably calm during most the last half dozen years. Such relative stability, however, is not the rule. Recent turbulence is actually a return to normality. Perspective for those confused by Mr Market’s antics of the past few weeks.
More for you to read today:
- S&P 500 Rises, Snaps Three-Week Losing Streak. Dow also finishes the week with gains after 565-point Friday rally
- Apple Posts Record Quarterly Results Despite Parts Shortages. CEO Tim Cook said supply constraints are easing after issues pressured sales
- Venture Capital Becomes a Tech Battleground Between China and America. US-trained VCs built China’s tech sector, but now the Communist Party calls its shots
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