Review
When the stock market booms–as it did through most of the 1990s–relatively inexperienced investors like to believe there’s a new paradigm at work. That’s why it’s refreshing to take a look occasionally at how investors survived previous booms–and busts. What did the founders of Moody’s, Value Line, and the Dow Jones Industrial Average think about the markets they were analyzing and attempting to quantify? Thus, when Charles Dow writes in an essay titled “Booms an…
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