• Thought of the Day

    Thought of the Day

    2000: There seems to be an unwritten rule on Wall Street: If you dont understand it, then put your life savings into it.

    –Peter Lynch, One up on Wall Street (New York: Penguin, 1990), p. 24.

Today in Financial History

1982: The Dow Jones Industrial Average gets a tweaking, as building-products maker Manville Corp. is replaced by the hot financial-services giant American Express Co.

The Wall Street Journal, March 12, 1987, p. C1;"DJIA Ins & Outs Chart,"

1930: With the Dow at 240.42, Warren Edward Buffett is born in Omaha, NE, to stockbroker Howard Buffett and homemaker Leila Stahl Buffett.

Roger Lowenstein, Buffett: The Making of an American Capitalist (Random House, New York, 1995), p. 8