“With every new wave of optimism or pessimism, we are ready to abandon history and time-tested principles, but we cling tenaciously and unquestioningly to our prejudices.” ? Benjamin Graham, The Intelligent InvestorI possess an extensive library that covers financial topics with an emphasis on market history.
My first guess is I own close to 150 hard copies – somewhere in that range. I page through at least 30 of them a few times a year. Some require handling with care as they’re first editions from the late 1800s like “Ten Years in Wall Street,” by William Chauncey Fowler (1870).
I consider it peculiar how when markets trend positively or become extended by the way of fundamental metrics, I pick up the pace on my study of the past. Molded pages are parched gold of worthy reminders of how stock prices can represent on occasion, more fiction than fact.
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