• What Makes Warren Buffett One of a Kind

    2026: One week ago, less than a month after his 96th birthday, Warren Buffett stepped down as chairman of Berkshire Hathaway, the company he had run…

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  • Thought of the Day

    Thought of the Day

    2000: the Romans took to entrails for prophetic information. It was a good idea, too, because often a chicken's entrails knew more than a Roman god did, if he was drunk, and he generally was.

    –Mark Twain, No. 44, the Mysterious Stranger (Univ. of California Press, Berkeley, 1982), p. 167.
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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.”

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Today in Financial History

1929: William Peter Hamilton, editor of The Wall Street Journal and one of the leading advocates of the Dow Theory" of technical analysis predicts the coming demise of the bull market in a lead editorial entitled "The Turn in the Tide." However since Hamilton had already predicted the death of the bull market in January 1927, June 1928, and July 1928 nobody listens. This time — if only by sheer luck — he turns out to be right as the stock market crashes just three days later."

Peter L. Bernstein, Capital Ideas: The Improbable Origins of Modern Wall Street (Free Press, New York, 1992), p. 29.