Shoeshine Boys & Thinking At The Margin

By |2014-09-28T18:31:50-04:00September 28th, 2014|Bonds, Markets, Real Estate, Stocks|

It is said that Joe Kennedy got out of the stock market in 1929 because he started to hear stock tips from his shoeshine boy. Bernard Baruch had similar feelings: When beggars and shoeshine boys, barbers and beauticians can tell you how to get rich it is time to remind yourself that there is no more dangerous illusion than the [...]