26 March 2015 - 26 June 2015 analysis, Benjamin Graham, wrote in The Intelligent Investor in 1949: “The investor’s chief problem – and even his worst enemy – is likely to be himself.” … From financial history and from my own experience, I long ago concluded that regression to the mean is the most powerful law in financial physics: Periods of above-average performance are … [Read more...] about Leithner Letter Nos. 184-187
Chris Leithner