When Your Neighbors Move In to Your Investment Portfolio

Posted by jasonzweig on Dec 10, 2018 in Articles & Advice, Blog, Columns, Featured |

Image Credit: Alex Nabaum

By Jason Zweig | Dec. 7, 2018 12:38 p.m. ET

Admit it. You know a nearly 800-point decline in the Dow Jones Industrial Average is only a 3% drop. But it makes you feel uneasy anyway—especially when it happens twice in a row during intraday trading, as it did this week.

It may also make you want to do something. Or at least talk about it with a friend.

So let me tell you a story.

One of the most extraordinary investors I’ve ever met, William “Jack” Hurst, who died in 2014, knew how to handle turbulent markets with masterful calm. By the time I met him in 2005, Mr. Hurst had been almost entirely paralyzed by amyotrophic lateral sclerosis; he could move only a few muscles in his face....

To read the rest of the column:

https://www.wsj.com/articles/when-your-neighbors-move-into-your-investment-portfolio-1544204283

For further reading:

Books:

Benjamin Graham, The Intelligent Investor