By Jason Zweig | Dec. 14, 2016 9:00 am ET Image credit: Thomas Cole, “The Course of Empire: Destruction” (1836), New-York Historical Society, via Wikimedia Commons My dad, who was an editor-publisher of weekly newspapers, first in Ohio and then in Connecticut, ran this editorial exactly 65 years ago today. It seems more relevant than...Read More
What’s Speculating? What’s Investing? Some of the Wisest Investors Weigh In
By Jason Zweig | Dec. 9, 2016 6:35 pm ET Image credit: “Gouda” tulip, from the Verzameling van een meenigte tulipaanen (Pieter Cos, Haarlem, 1637), Wageningen University & Research The distinction between speculating and investing, which I discuss in this weekend’s “Intelligent Investor” column, is far more elusive than it seems at...Read More
Let’s Be Honest: Are You an Investor or a Speculator?
Image Credit: Christophe Vorlet By Jason Zweig | Dec. 9, 2016 2:40 pm ET With the stock market seemingly setting all-time highs every day even as bond prices crumple, this is a crucial time to clarify the difference between investing and speculating. Unfortunately, that distinction — often credited to the great investment analyst Benjamin Graham — has...Read More
Learning from the Bear Market of 1973-1974
By Jason Zweig | Dec. 11, 2016 6:47 pm ET Image credit: “The Life of a Hunter: A Tight Fix,” Currier & Ives (after Arthur Fitzwilliam Tait), ca. 1861, Crystal Bridges Museum of American Art It isn’t quite true, to paraphrase Tolstoy, that all bull markets are alike but each bear market is unhappy in its own way. But investors...Read More
When the Stock Market Plunges…Will You Be Brave or Will You Cave?
By Jason Zweig | Dec. 10, 2016 1:07 pm ET Image credit: Frederick Edwin Church, “Niagara” (1857), National Gallery of Art I’m pretty sure this piece — published in 1997 — was the first article I ever wrote about behavioral finance. I’ve learned a lot in the past two decades, and researchers have also discovered...Read More