As a student, if you were asked to choose a classmate whose earnings you could have 10% percent of for the rest of your life, which classmate would you have picked? What qualities would cause you to pick them? Would it be the one with the highest IQ? The one who could throw a football the farthest? The one with the highest grades?
What makes stock prices move up or down are not events, fundamentals, or valuations. These factors matter, but only at the margin. What really moves stock prices is the interplay of supply and demand.
Nike founder Phil Knight writes in his memoir, Shoe Dog, “Like books, sports give people a sense of having lived other lives.”
Hidden Figures is the remarkable true story of three brilliant African-American women—Katherine Goble Johnson, Dorothy Vaughan and Mary Jackson—who were instrumental to NASA in the early 1960’s. You probably haven’t heard of them. They worked quietly behind the scenes, overcoming a painful mix of racism and sexism.
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