When Markets Tank, Do This

By Jason Zweig | Oct. 11, 2018 12:47 p.m. ET

If you can keep your head when all about you

Are losing theirs and blaming it on the Fed;

If you can trust yourself when guests on CNBC shout anew,

But make allowance for their shouting dread;

If you can wait and not be tired by waiting,

Or, surrounded by nonsense, don’t deal in nonsense,

Or, inundated in indicators, scoff at what they’re indicating,

And cherish the thought that uncertainty is immense….

(With abject apologies to Rudyard Kipling)

To read the rest of the column:

For further reading:

Books:

Benjamin Graham, The Intelligent Investor

Articles and other research:

Rudyard Kipling, “If–“ (poets.org)

Buy-and-Hold Is Dead. Long Live Buy-and-Hold

When the Stock Market Plunges…Will You Be Brave or Will You Cave?

A Rediscovered Masterpiece by Benjamin Graham

Lessons and Ideas from Benjamin Graham

A (Long) Chat with Peter L. Bernstein

A safe haven for investors by Jason Zweig of The Wall Street Journal.