Click Here to Subscribe Now! Try a 3-month trial for only $68

Richard's Wisdom

Latest Articles

Richard’s Thoughts on Corrections and the VIX

Richard’s Comments

 

What are the two most difficult things to do in this business?  Here they are: (1) Buy early in a primary bull market and then ride the bull market all the way to near its completion.  (2) Sell out on a Dow Theory bear signal, and then stay out of the bear market until it's nearly completed.

 

Why are those two actions so difficult?  They're difficult because a bull market tries in every way to frighten you out of its clutches.  And a bear market tries in every way to draw you back into its grip.  In both situations, both the bull and the bear markets make full use of secondary reactions.

 

PREMIUM - CLICK TO READ MORE

Richard’s Thoughts on the Impossible Happening

Richard’s Comments

 

Many years ago, when I was still living in NYC, I had a subscriber, a Swiss man named Jay Pfister.  Jay owned a chemical company.  During the early 1930s Jay sold his company to American Cyanamid.  That sale made Jay quite wealthy, and he had a home in NYC and one in La Jolla.  

 

It was Jay who first told me about La Jolla.  Jay suggested that I leave Manhattan and enjoy "a better life" in La Jolla.  I thought a lot about Jay's advice.  In 1961 I followed his advice, and it proved to be one of the best pieces of advice I've ever received.

 

PREMIUM - CLICK TO READ MORE

Richard's Thoughts On Optimism

Richard's Comments

 

HOPE: It's human nature to be optimistic. It's human nature to hope. Furthermore, hope is a component of a healthy state of mind.

 

Hope is the opposite of negativity. Negativity in life can lead to anger, disappointment and depression. After all, if the world is a negative place, what's the point of living in it? To be negative is to be anti-life.

 

PREMIUM - CLICK TO READ MORE

Richard's Thoughts On Winners

Richard's Comments

 

Nothing created by the mind of man has ever equaled the stock market in terms of its sheer ability to frustrate people. Why is this? The answer is that the stock market frustrates because millions of traders and investors across the face of the US and the world are all trying to take money out of the market.

PREMIUM - CLICK TO READ MORE