How the Stock Market is Like My 3 Year Old Daughter
- Joshua M Brown
- November 30th, 2009
I'm finding a great deal of similarity recently between the stock market and my 3 year old daughter.
They both:
- Like shiny silver and gold things
- Throw tantrums when they don't get what they want (low interest rates, lollypops etc.)
- Are easily bored, always in search of new toys/games
- Usually take a nap between noon and two pm
- Have short memories
- Will forever be the object of my affection
These similarities can be observed in fig. 1.1 below:
fig 1.1
I can't be the only "daddy" market participant who sees this, can I?
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The Reformed Broker is a blog about financial markets and the economy. Joshua Brown is a New York City-based investment advisor for high net worth individuals, charitable foundations, retirement plans and corporations... More. -
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