That strategy of buy and hold, which is the sound and sensible one for the individual, can have very dangerous and perverse effects for the market as a whole.
Ron ChernowQuotes currently Trending
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Since I don't smoke, I decided to grow a mustache - it is better for the health. However, I always carried a jewel-studded cigarette case in which, instead of tobacco, were carefully placed several mustaches, Adolphe Menjou style. I offered them politely to my friends: "Mustache? Mustache? Mustache?"Nobody dared to touch them. This was my test regarding the sacred aspect of mustaches.
Salvador Dali
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