MORE MODERN FINANCIAL DEFINITIONS:
MOMENTUM INVESTING—. The fine art of buying high and selling low.
VALUE INVESTING—. The art of buying low and selling lower.
BROKER—. What mine made me.
STANDARD & POOR—. Investor’s life in a nutshell.
MARKET CORRECTION—. The day after you buy stocks.
INSTITUTIONAL INVESTOR—. Investor who’s now locked up in an asylum.
Recent years have been very difficult for American investors. There have been two major threats to their financial security: the conflict of interest between investors and the CEOs of the companies in which they have invested, and the conflict of interest between investors and the financial service firms of which they are clients. Ironically, in ...