Riding Peaks and Troughs
When you think about the stock market, what comes into your mind? Is it traders wearing blue jackets screaming at each other across the floor of the New York Stock Exchange? Is it black-and-white images of the Great Depression? Is it the irrational exuberance of the dot-com bubble?
Many of our thoughts about the stock market gravitate toward times of great highs and great lows, of speculation and headlines. Not all of us immediately think about the steady, day-to-day, gradual building of capital that makes the economic world tick. Generally, over a long enough time span, the market always increases in value, as shown in ...
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