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Jason Zweig – A Safe Haven for Intelligent InvestorsJason Zweig – A Safe Haven for Intelligent Investors HomeArticlesBooks HomeArticlesBooksAboutNewsletterSearch AboutNewsletterSearch Monday, March 03, 2025 October 19, 2024 You’re Not Paranoid. The Market Is Out to Get You. A sneak peek at the newly revised edition of Benjamin Graham’s masterpiece, “The Intelligent Investor.” Latest articles Aug 24, 2024 Messing Up the Closest Thing to a Sure Thing in the Stock Market Aug 2, 2024 What Bill Ackman Got Wrong With His Bungled IPO Jul 12, 2024 A Couple Won the Powerball. Investing It Turned Into Tragedy Jul 5, 2024 Why Your Fund Manager Can’t Beat Today’s Stock Market Jun 14, 2024 Hot Funds and the Curse of ‘Self-Inflated Returns’ Jun 7, 2024 The Investing Boom That’s Squeezing Some People Dry May 31, 2024 When Past Performance Doesn’t Even Predict Past Performance May 17, 2024 Why Utilities Are Lighting Up the Stock Market Thought of the Day 2000: You can't tell if a person was a leader or not until after they've left.–U.S. Secretary of the Treasury Paul O'Neill, at the Money Summit, June 18, 2002. Money in Art, Money in Culture Jun 11, 2018 How Corporate America Tries to Forget Its Mistakes May 20, 2018 To Be a New Fool in the World May 8, 2018 The Bottle Imp: A Parable from 1891 for Today Apr 30, 2018 You Are Not Alone: The Berkshire Hathaway Annual Meeting Books Jason is the author of “Your Money and Your Brain,” on the neuroscience of investing, and the editor of the revised edition of Benjamin Graham’s “The Intelligent Investor,” the classic text that Warren Buffett has described as “by far the best book about investing ever written.” Discover more Recent Books The Intelligent Investor Benjamin Graham, Jason Zweig The Devil’s Financial Dictionary Jason Zweig The Little Book of Safe Money Jason Zweig Today in Financial History 1933: Amid wildly divergent predictions about incoming President Franklin D. Roosevelt, who will be inaugurated the following day, the Dow Jones Industrial Average slumps 1.9% in intraday trading before recovering to close up smartly at 53.84, a 2.5% gain for the day. By July 18, the Dow will rise to 108.67, the fastest it has ever doubled in history.John Brooks, Once in Golconda: A True Drama of Wall Street, 1920-1938 (Harper & Row, New York, 1969), pp. 149-150;Phyllis S. Pierce, ed., The Dow Jones Averages 1885-1980 (DowJones Irwin, Homewood, IL, 1982), not paginated 1928: The Harvard Economic Society concludes, after studying statistics on business activity and the financial markets, that "intermediate declines in the stock market will not develop into such major movements as forecast business depression." A year-and-a-half later, the stock market crashes, setting off the Great Depression.Frederick Lewis Allen, Only Yesterday: An Informal History of the 1920s (John Wiley & Sons, New York, 1997, reprint of 1931 ed.), p. 220. 1901: J.P. Morgan announces that he is organizing the largest corporation the world has yet seen by merging his Federal Steel conglomerate with Andrew Carnegie's Carnegie Co. The company is initially capitalized at $1.4 billion — the first billion-dollar company ever — four times the budget of the U.S. government and 7% of the gross national product. In a popular joke of the day, a schoolboy is asked about the history of the world. "God created the world in 4004 B.C.," he answers, "and it was reorganized by J.P. Morgan in 1901."Jean Strouse, Morgan: American Financier (Random House, New York, 1999), p. 404;John Steele Gordon, "The Business of America," American Heritage, June, 2001, p. 22. 1882: In Lugo, Italy, outside of Bologna, Carlo Pietro Giovanni Guglielmo Tebaldo Ponzi is born. In 1903 he emigrates to Boston, renaming himself Charles Ponzi, and creates a financial phenomenon — promising to double investors' money every three months by speculating in foreign postage stamps to benefit from fluctuations in currency rates. Bostonians lose over $10 million on the scheme, and Ponzi's name becomes synonymous with any con game that pays new investors out of the money that belongs to the old ones.Mitchell Zuckoff, Ponzi: The Man and His Legendary Scheme (Random House, New York, 2004), pp. 19-20. 1847: Alexander Graham Bell, father of the telephone, is born in Edinburgh, Scotland, to Alexander Melville Bell, a professor of speech and elocution, and Eliza Symonds Bell, a painter of miniature portraits.Robert V. Bruce, Bell: Alexander Graham Bell and the Conquest of Solitude (Cornell University Press, Ithaca, NY, 1990), p. 16 A Safe Haven for Intelligent Investors AboutBooksSpeakingResourcesNewsletter Proudly powered by WordPress. Hosted by Pressable. Copyright © Jason Zweig. All rights reservedenusen-US1741068001https://jasonzweig.com

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