Category Archives: Essential Essays

The Bull/Bear Cycle

This essay was posted first in October 2003. I have archived it under My Essential Essays because, while it describes the bull market I experienced in the 1980s, it is the prototype for all bull markets: I got an e-message … Continue reading

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On Markets

It is held that Gustave LeBon described the behavior of financial markets with the statement, “An intelligent man becomes a blockhead the moment he becomes a member of a crowd.” For me, this statement says nothing about markets or their … Continue reading

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