• 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…

Latest articles

  • Thought of the Day

    Thought of the Day

    2000: Intelligent investing is not complex, though that is far from saying that it is easy. What an investor needs is the ability to correctly evaluate selected businesses. Note that word "selected": You don't have to be an expert on every company, or even many. You only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important; knowing its boundaries, however, is vital.

    –Warren Buffett, chairman’s letter, Berkshire Hathaway annual report, 1996,
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

2001: It's time for eine kleine IPO, as the Frankfurt Stock Exchange (Gruppe Deutsche Borse) goes public, selling 2.8 million shares at 335 euros (roughly $290) per share. The Deutsche Borse becomes the largest stock exchange yet to sell its shares to the public — naturally, just after the global market boom peaks. Still, the stock climbs 11% on its first trading day.

The Wall Street Journal, February 6, 2001, p. C20

1637: "Tulipmania" hits its peak in the Netherlands, with the price of the rare Witte Croonen tulip bulb reaching 1,345 guilders per half-pound, up 2,506% in 33 days. Over the next five years, these bulbs lose an annual average of 76% of their value, until they fetch only 37.5 guilders in 1641.

Peter M. Garber, "Who Put the Mania in the Tulipmania?" in Eugene N. White, ed., Crashes and Panics: Lessons from History (DowJones Irwin, Homewood, IL, 1990), p. 12.;Peter M. Garber, Famous First Bubbles: The Fundamentals of Early Manias (MIT Press, Cambridge, Mass., 2000), pp. 58, 64.