2000: It is, after all, a sound instinct which puts business below the professions, and burdens the business man with a social inferiority that he can never quite shake off, even in America. The business man, in fact, acquiesces in this assumption of his inferiority, even when he protests against it. He is the only man above the hangman and the scavenger who is forever apologizing for his occupation. He is the only one who always seeks to make it appear, when he attains the object of his labors, i.e., the making of a great deal of money, that it was not the object of his labors.
–H.L. Mencken, A Mencken Chrestomathy (Knopf, 1978), p. 13.
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Some Summer Reading
2026: People are always asking me what I’m reading. Because I think and talk and read about investing all day long, I typically don’t read financial…
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Summon Your Courage and Buy Stocks
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What’s Luck Got to Do with It?
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You’re Not Paranoid. The Market Is Out to Get You.
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Messing Up the Closest Thing to a Sure Thing in the Stock Market
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What Bill Ackman Got Wrong With His Bungled IPO
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A Couple Won the Powerball. Investing It Turned Into Tragedy
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Why Your Fund Manager Can’t Beat Today’s Stock Market
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Hot Funds and the Curse of ‘Self-Inflated Returns’
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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.”
