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....
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For further reading:
Benjamin Graham, The Intelligent Investor
Jason Zweig, The Devil’s Financial Dictionary
Jason Zweig, Your Money and Your Brain
Jason Zweig, The Little Book of Safe Money
Guy Spier, The Education of a Value Investor: My Transformative Quest for Wealth, Wisdom, and Enlightenment
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