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.
More Quotes from 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
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
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.
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:
Based on Keywords: wheelingLife is a zoo in a jungle.
Peter De Vries
Let the devil catch you but by a single hair, and you are his forever.
Gotthold Ephraim Lessing
It would seem to me that by the time a race has achieved deep space capability it would have matured to a point where it would have no thought of dominating another intelligent species.
Clifford D. Simak