• 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…

Latest articles

  • Thought of the Day

    Thought of the Day

    2000: Severe change and exceptional returns usually don't mix. Most investors, of course, behave as if just the opposite were true. That is, they usually confer the highest price-earnings ratios on exotic-sounding businesses that hold out the promise of feverish change. That prospect lets investors fantasize about future profitability rather than face today's business realities. For such investor-dreamers, any blind date is preferable to one with the girl next door, no matter how desirable she may be.

    –Warren Buffett, chairmans letter, Berkshire Hathaway annual report, 1987,
Money in Art, Money in Culture
Book Icon

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.”

Discover more

Recent Books

Today in Financial History

1984: Total trading volume on the New York Stock Exchange exceeds 200 million for the first time, as 236,565,110 shares change hands.

1977: Tandy Corp. introduces one of the earliest affordable personal computers, the TRS-80 (soon to be affectionately nicknamed the "Trash 80"). It has 4 (yes, four) kilobytes of memory, a black-and-white monitor, and uses floppy disks that truly flop when you shake them. It retails for just $599.

1811: Elisha Graves Otis is born on a farm outside Halifax, Vermont. He goes on to invent the elevator brake, making skyscrapers practical. Otis demonstrates his innovation at the Crystal Palace exposition in New York in 1854, when he rides an elevator several dozen feet into the air and an assistant chops the hoisting cable with an axe — and the elevator does not fall.