Dow Theory letters. Anyone remember Richard Russell?, who wrote
this publication for years. He had so many great articles on
investing and life. He used to discuss the transports confirming
the Dow when we had a healthy market. As we can see now, we
definitely don't have that. Transports have continued weakness.
Someone made a point here before that we can't really have a long
term fix until the transportation situation/costs with energy get
fixed somewhat. I think that is a very valid point. Can't turn on
the printing presses now though.
I enjoyed his letters for years but he was a terrible investor.
He hid out in Gold mostly and when he turned bullish on stocks it
was always the wrong time.
Yep, always buying too late. I'm not a momo guy either. I shared
his article on compounding with many people over the years. It is
one of the best articles written on saving discipline, time, etc.
Start early and invest regularly!
My grandfather taught me family household budegting at 8
years old. I would walk to the bank with him and buy savings bonds.
"Pay yourself first, he would say".
He never owed a stock in his life and did just fine. WW2 Vet,
super smart guy, with an 8th grade school education. He retired
from Westinghouse with 150 employees.
When he passed I found out just how special he really was.
People told me how he went to bat for them and saved their jobs.
Would take interest in their families, etc. The greatest generation
they are called for a reason.
Dow Theory letters. Anyone remember
Posted by fundamentalvalues on 15th of Jul 2022 at 07:32 am
Dow Theory letters. Anyone remember Richard Russell?, who wrote this publication for years. He had so many great articles on investing and life. He used to discuss the transports confirming the Dow when we had a healthy market. As we can see now, we definitely don't have that. Transports have continued weakness. Someone made a point here before that we can't really have a long term fix until the transportation situation/costs with energy get fixed somewhat. I think that is a very valid point. Can't turn on the printing presses now though.
I enjoyed his letters for
Posted by tgo5043 on 15th of Jul 2022 at 10:21 am
I enjoyed his letters for years but he was a terrible investor. He hid out in Gold mostly and when he turned bullish on stocks it was always the wrong time.
Yep, always buying too late.
Posted by fundamentalvalues on 15th of Jul 2022 at 10:33 am
Yep, always buying too late. I'm not a momo guy either. I shared his article on compounding with many people over the years. It is one of the best articles written on saving discipline, time, etc. Start early and invest regularly!
My grandfather taught me family household budegting at 8 years old. I would walk to the bank with him and buy savings bonds. "Pay yourself first, he would say".
He never owed a stock in his life and did just fine. WW2 Vet, super smart guy, with an 8th grade school education. He retired from Westinghouse with 150 employees.
When he passed I found out just how special he really was. People told me how he went to bat for them and saved their jobs. Would take interest in their families, etc. The greatest generation they are called for a reason.
What a great guy! You're
Posted by tgo5043 on 15th of Jul 2022 at 11:24 am
What a great guy! You're blessed to have that legacy and the wisdom passed down.
Thank you! I'm now teaching
Posted by fundamentalvalues on 15th of Jul 2022 at 11:25 am
Thank you! I'm now teaching my grandson who is 7.