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It was the early 1980s and we—six children total, all teenagers or in our early 20s—were gathered at my mother and stepfather’s house for a family dinner.“But the economy is built on sand,” insisted one of my older brothers.
When financial markets turn turbulent, you can count on two things: Investors start asking a ton of questions—and Wall Street pundits pretend to have all the answers.
The longer a bull market lasts—and this one now counts as one of history’s longest and strongest—the more money investors make.
If we’re about to be hit by a car, our instinct is to jump out of the way.
The big blue chip stocks in the Standard & Poor’s 500-index were on a roll, posting gains year after year.
It’s comforting to feel we’re in control. But are we?
Wall Street may not be paved with gold, but sometimes it sure feels that way.