U.S. Economy is Healthy Despite Stock Drops

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from The Jacksonville Daily News Whew, what to make of this rollicking market. Although we have a good idea what happens next.

No, no, not the stock market. We learned all we need to know about those gyrations a few years ago from Albert "Ab" Nicholas, founder of the Nicholas investment company in Milwaukee.

Nicholas, now deceased, advised thinking longterm rather than paying attention to Wall Street's conniptions. "Two-thirds of the time, stocks are going up," Nicholas said, approximately. "One-third of the time, they're going down. Don't try to guess which third is which."

 

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