Found this quote today "The extent of the market's shrinkage should have served to dispel an illusion that had been gaining ground during the past two decades. This was that leading common stocks could be bought at any time and at any price, with the assurance not only of ultimate profit but also that any intervening loss would soon be recouped by a renewed advance of the market to new high levels. That was too good to be true."Sounds like comments on the internet bubble, right? Wrong, it's Benjamin Graham commenting on 1969-1970. And he goes on to point out that the same thing happened in 1961-1962. Are we doomed to repeat history again?
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar<