Image Credit: Alex Nabaum By Jason Zweig | Aug. 7, 2020 10:00 am ET It isn’t often that I receive a new book I feel I have to read, but I couldn’t wait to dig into The Psychology of Money. To be published next month, this 242-page, easy-to-read book by Morgan Housel isn’t about investing. It’s about how to think...
Read More
Image Credit: Alex Nabaum By Jason Zweig | July 24, 2020 10:00 am ET Almost five years ago to the day, a market commentator with a prominent platform called gold “a pet rock.” Since then, gold has risen nearly 70%, hitting an all-time high this week. That market commentator? Yours truly. How wrong was I, and what can we...
Read More
Image Credit: Edward Matthew Ward, “The South Sea Bubble” (1847), Tate Britain By Jason Zweig | July 17, 2020 10:00 am ET Back in Business is a new, occasional column that puts the present day in perspective by looking at business history and those who shaped it. Read the first installment here. Mr. Zweig’s Intelligent...
Read More
Image Credit: Alex Nabaum By Jason Zweig | June 26, 2020 10:59 am ET One of the biggest surprises in the first half of 2020 was what didn’t happen: Most individual investors, despite their reputation as nervous Nellies who sell into every panic, didn’t dump their stocks even when the market meltdown was at its worst. The...
Read More
Image Credit: Alex Nabaum By Jason Zweig | Updated June 19, 2020 3:41 pm ET Investment performance can be fleeting, but fees are forever. That’s the lesson from a recent reversal at a prominent fund. Chaotic markets can cancel years’ worth of gains in days, but expenses don’t dwindle when profits disappear. And, new...
Read More