To paraphrase the boxer Mike Tyson, investors always have a plan until the market punches them in the face.
After U.S. stocks dropped roughly 10% in ten trading days, it’s more important than ever for individuals to understand what it means, and what it takes, to be a long-term investor….
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This article was originally published on The Wall Street Journal.
Further reading
Jason Zweig, Your Money and Your Brain
Jason Zweig, The Devil’s Financial Dictionary
Benjamin Graham, The Intelligent Investor
Benjamin Graham and David L. Dodd, Security Analysis