“When the weather changes, nobody believes the laws of physics have changed. Similarly, I don’t believe that when the stock market goes into terrible gyrations its rules have changed.” Benoit Mandelbrot This brilliant mathematician speaks to the fact that the price of common stocks goes up and down. Plain and simple, that is where the risk comes from.
Complete these 10 money management tasks before beginning an investment program to gain financial confidence and control.
I’ve probably read several hundred investment books and I’m writing a personal finance book myself right now! Yet, this book is so thorough and concise, I am tempted to just post a link to it on my website and retire! Or at least, say nothing more about investing other than to read: THE ELEMENTS OF INVESTING, BY BURTON G. MALKIEL AND CHARLES D. ELLIS!
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