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
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