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.
Would you like to buy an investment that’s lost money in three of the past five calendar years?
It’s tough to do two things at once.
If we locked a dozen parents in a room and asked them to hammer out a statement summarizing their financial aspirations for their children, screams and tears—and much childlike behavior—would likely ensue.