Thursday, February 9, 2012
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Investing Wit and Wisdom

"Investing is not complicated. If it gets too complicated, go on to the next stock. I give balance sheets to my fourteen-year-old daughter. If she can't figure it out, I won't buy it."
-- Peter Lynch

This Day In Financial Speculation History

Events
  1966 -- The Vietnam-era bull market peaks, buoyed by defense spending and rising inflation, as the Dow Jones Industrial Average closes the day at 995.15 -- a level it will not reach again until October 11, 1982. When you hear that stocks are a great long-term investment, bear in mind this period of nearly 17 years when they went nowhere.


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