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Blind Faith by Edward Winslow

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11

CHAPTER ONETHE STOCK MARKET CAN WE WIN AT THIS GAME?

The investor’s chief problem—and even his worst enemy— is likely to be himself.

BENJAMIN GRAHAM, FATHER OF VALUE INVESTING,SECURITY ANALYSIS, 1934

INDIVIDUAL INVESTOR PERFORMANCE VS. THE MARKET

MANY MODERN-DAY investors have become like crazed gamblers, risking their nest eggs and retirement money on visions of a chance at 20 percent-plus returns on their investment portfolios. Most of them don’t even take the time to read a financial statement, yet they scamper to brokerage firms and mutual funds, surrendering every spare cent they can on a stock market system few of them understand. Greed, advertising, and peer pressure have lured them into a terrifying real-life game with sky-high stakes ...

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