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“A low current stock price forecasts a low future price. If today’s price is low, there is a good reason to buy more (it’s cheap) and also a good reason to buy less (it’s likely to stay cheap). The two reasons cancel out and make “buying more when the price is low” no more attractive than “buying more when the price is high.”
― The Armchair Economist (revised and updated May 2012): Economics & Everyday Life
― The Armchair Economist (revised and updated May 2012): Economics & Everyday Life
“Of course, ideas can always be misleading—but then so can numbers. Still, we advance by learning new ways to think, even if those ways are not infallible. Much”
― The Armchair Economist (revised and updated May 2012): Economics & Everyday Life
― The Armchair Economist (revised and updated May 2012): Economics & Everyday Life
Bcbcoh’s 2024 Year in Books
Take a look at Bcbcoh’s Year in Books, including some fun facts about their reading.
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