• 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

    Thought of the Day

    2000: The getting of treasures by a lying tongue is a vanity tossed to and fro of them that seek death.

    –Proverbs 21: 6.
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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

2000: Pets.com goes public on NASDAQ at an initial price of $11 per share. In an early warning sign that the Internet bubble may be about a burst, the stock barely budges in the first day of trading. The stock peaks a few weeks later at $14 per share. Less than nine months after its IPO, Pets.com announces that it will shut down its operations, and by yearend 2000 the stock has fallen 99.1%.

The Wall Street Journal, December 4, 2000, p. C1;January 2, 2001, p. R6

1956: The Korean Stock Exchange is established in Seoul, South Korea.

The LGT Guide to World Equity Markets, 1997 (Euromoney Publications, London, 1997), p. 286.

1847: Thomas Alva Edison — future inventor of the stock ticker, the phonograph, the improved incandescent light bulb, and the motion picture — is born in Milan, Ohio.