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

Richard's Wisdom

August, 2017

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