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A Market Worth Your Wait

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From: The Washington Post
Date: 20030907
Author:James K. Glassman

When you buy a stock, you should think of yourself as a steadfast partner in a business. The value of that business changes from day to day, thanks to what Gustave Flaubert, the French novelist and all- around wit, called "the thermometer of public opinion." Those short- term price changes are almost always irrelevant, and looking at them can make you overwrought -- susceptible to the classic errors (like selling too soon) of emotion. Thus, my rule: Don't peek, which, I'll admit, is an admonition that few of us can adhere to.

Over the past month, however, I have had very few opportunities to ...

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