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What Stock To Buy? Hey, Mom, Don’T Ask Me

Friday, May 24, 2013 - 6:07 PM
From The New York Times

     “Nothing in the toolbox of economists makes us good stock pickers.
      Yet we economists have written countless studies about the stock
      market. Here is a summary of what we know.

      ...THE MARKET PROCESSES INFORMATION QUICKLY...
      ...PRICE MOVES ARE OFTEN INEXPLICABLE...
      ...HOLDING STOCKS IS A GOOD BET...
      ...DIVERSIFICATION IS ESSENTIAL...
      ...SMART INVESTORS THINK GLOBALLY...

      ...If I could pick just one stock for someone to buy, what would
      it be? I would now suggest something like the Vanguard Total World
      Stock exchange-traded fund, which started trading in 2008. In one
      package, you can get low cost and maximal diversification.

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cumuluscumulus297 posts since
Jan 16, 2010
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