Two Gems from Michael

Just a break-in here on a slow market day to make sure you read two really killer posts from my firm’s director of research, Michael Batnick.

Surprised by the lack of reaction to the recent tragedies in Baton Rouge and Dallas (not to mention the Turkish coup attempt)? You shouldn’t be. Markets have a funny way of not reacting to things that are horrible from a human perspective. It only took two months for the Dow Jones to get back to where it was on September 10th, 2001 after the worst attack on America since Pearl Harbor. Some other incredible recoveries after tragedies listed here:

Separating Decisions (The Irrelevant Investor)

Another post, in which Michael explains how he found his investing mentors from a stack of old classic books, is also a must-read. The condensed wisdom of Bernstein, Buffett, Smith, Schwed, Zweig and others here:

My Investing Mentors (The Irrelevant Investor)

If you like his stuff, make sure to subscribe to Michael’s blog. We’re a bit biased, but he’s doing some very important work on the big topics these days.