If a company has stable earnings quarter after quarter, ... and each quarter its earnings go up another penny, and then all of a sudden, they don't go up anymore, investors go nuts.
More Quotes from Jason Zweig:
There's no doubt that a lot of this wheeling and dealing has been spurred by the lifting of many of the federal restrictions that were imposed on the utility industry during the Great Depression.Jason Zweig
We come with this built-in prediction addiction, ... Brain research shows that you're going to try to outsmart the market whether you can or not.
Jason Zweig
People are attracted to stocks that move. The thing that these kinds of speculators, and I'm not going to call them investors, what these speculators are seeking is action.
Jason Zweig
Somehow people look at the performance of the average mutual fund manager and say, 'It's underperforming the superstar of the market, which is the SP index in the past few years, therefore I can do as well,' ... That's a fallacy. You may be able to do very well, but the fact that the average fund manager is doing worse than average does not mean he's stupid, and his stupidity doesn't make you smart.
Jason Zweig
Readers Who Like This Quotation Also Like:
I don't have half the nerves there that I have anywhere else.Eric Clapton
Deep down, I'm a Texas girl looking for that big romance every girl dreams about. Biologically, I look forward to being a cornerstone of a family. I'll be in my glory when I have a child on my knee.
Renee Zellweger
When a man assumes a public trust he should consider himself a public property.
Thomas Jefferson