Patience, the act of resisting compulsive reaction to emotion-provoking stimuli, is what separates serious investors from capricious speculators. – Jay Hutchins, 2015
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In the 1954 Alfred Hitchcock movie Rear Window, Jimmy Stewart plays a famous photographer laid up with a broken leg, aided by a visiting nurse named Stella, played by Thelma Ritter. In a scene apropos of what we'll be hearing from a few stock market mavens in the coming weeks, Stella boasts to Stewart’s character, “You heard of that market crash in ’29? I predicted that.” To which Stewart’s character inquires curtly, “Oh, just how did you do that, Stella?” “Oh, simple, explains Stella, “I was nursing a director of General Motors. Kidney ailment, they said. Nerves, I says. And I asked myself, “What’s General Motors got to be nervous about?” Overproduction, I says; collapse. When General Motors has to go to the bathroom ten times a day, the whole country’s ready to let go.”
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Topics: wealth, retirement, social security, saving, live longer, money