Thoughts From the Frontline, August 2017
August 26, 2017
“Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.”
– Sir John Templeton
August 20, 2017
“There is only one side of the market and it is not the bull side or the bear side but the right side.”
– Jesse Livermore
“At least us old men remember what a real bear market is like. The young men haven’t got a clue.”
– Jeremy Grantham
August 12, 2017
All over America, kids who were fortunate enough to go to summer camp are busy telling mom and dad what they did. Their stories will be suspiciously incomplete, but that’s OK. We know they learned something.
August 4, 2017
Perhaps the best part of being a writer is the chance to interact with readers. I can’t tell you how much I’ve learned from you over the years. Whether it’s through our online comment threads or emails or conversations in the hallway at a conference, nothing pleases me more than to share thoughts with you. The exchanges are always stimulating, even when we disagree. Believe it or not, I make a special point to read those who disagree with me if they come armed with cogent thoughts. And I will...