2000: If we never know the future, we never know the future! When we think we know, we are setting ourselves up for trouble. Trend is not destiny: we are no more able to extend smooth lines into the future than a sailor can observe what lies ahead in choppy seas. The safest management system is to view uncertainty as a constant rather than a variable.
–Peter L. Bernstein, The Heart of the Matter, Economics & Portfolio Strategy, September 15, 2002, p. 5.
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Summon Your Courage and Buy Stocks
Investors who conquer stock-phobia have an edge over those too focused on their rearview mirror By Jason Zweig 2025: Oct. 4, 2008 12:01 am ET During the Great…
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Thought of the Day
Money in Art, Money in Culture
Books
Jason is the author of “Your Money and Your Brain,” on the neuroscience of investing, and the editor of the revised edition of Benjamin Graham’s “The Intelligent Investor,” the classic text that Warren Buffett has described as “by far the best book about investing ever written.”
