John Burr Williams (JBW) was a security analyst who wanted to learn more about how to estimate fair value. After several years in the job market, he returned to Harvard to learn about economics, with the hope of finding causes for the 1929 stock market crash and the 1930s depression. … Read more
Diners at the Bizzy Bee were debating world events and March madness when someone mentioned that the circus was coming to town. Sally suggested they should all watch the world from the perspective of a three-ring circus.
Dempster jumped right in, suggesting animals for each ring: tigers in one ring … Read more
John Bogle’s heritage is heavily Scottish. John’s maternal grandmother immigrated to America in the 1700s to work in farming. Bogle’s great-grandfather, Philander Banister Armstrong, was John’s “spiritual progenitor”. Philander worked to reform the fire and life insurance industries. John’s family history may explain his thriftiness and two of his characteristics: … Read more
In this issue, we present checklists for new and old investors to help them review their financial and investing game plans to make sure they are not overlooking or forgetting things that make extra profits or lessen losses. Better investors are healthy, have good clear minds and control their emotions … Read more
Edson Gould was born in 1902 in Newark and died in 1985 in West Reading PA.
Once he graduated from Lehigh University in 1922, he started to work on Wall Street for Moody’s and spent most of the rest of his life researching. He wanted to be an engineer but … Read more
Henry Howard Harper wrote The Human Element in Stock Market Transactions in 1926. Since 1924, the Dow Industrials had risen 88%. The introduction reads, “Harper’s human behavior material gives us insights into handicapping prejudices that ruin our stock market theories and sound resolutions.” Since then, securities laws have been enacted … Read more
Like farming, when a farmer plants his crop, the investor is buying stocks. Like the farmer who watches his crop and waits for a harvest, the investor watches his stocks from day to day. Neither one knows how good the harvest will be because they are both subject to conditions … Read more
Ten Ways to Lose Money in Wall Street
By the Market Cynic
After many hours of toil and deep thought, I have compiled a dependable guide for stock traders: Ten Ways to Lose Money in Wall Street.
I won’t attempt to explain or qualify these precepts, because my readers … Read more
If congress has the right under the Constitution to issue paper money, it was given them to use themselves, not to be delegated to individuals or corporations. –Andrew Jackson
The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power … Read more