What My Mother Taught Me About Investing
Why Knowing- or Caring- Little About the Market Can Be a Good Thing
On October 19, 1987 (“Black Monday”), the Dow Jones Industrial Average dropped 22.6% in a single day.
To put that number in perspective, that’s about as much as the S&P 500 fell in all of 2022.
Back then, my mother was still new to the stock market.
But she always had solid contrarian instincts – combined with a deeply ingrained reluctance to pay retail pr…